Tag: DBM approves subsidy

DBM approves release of P3 billion for implementation of the Fuel Subsidy Program

(Eagle News) — The Department of Budget and Management has approved the release of P3 billion for the Fuel Subsidy Program (FSP)], which aims to provide assistance to approximately 1.36 million drivers and operators who were affected by the series of oil price hikes. The Presidential Communications Office said the release of the funds was made upon the request of the Department of Transportation (DOTr) in accordance with Special Provision (SP) No. 7 of the […]