The distribution of inflation assistance to poor families and government workers has not been discussed in the executive branch, NEDA Secretary Arsenio Balisacan said Tuesday.
The distribution of inflation assistance to poor families and government workers has not been discussed in the executive branch, National Economic and Development Authority Secretary Arsenio Balisacan said Tuesday.
However, the NEDA chief said the government would prioritize indigent families if such assistance is implemented. The Philippines recorded 8.7% inflation or the rate of increase in the prices of goods and services in January 2023, the fastest in 14 years.To address the high inflation rate, the administration of President Ferdinand “Bongbong” Marcos Jr. is eyeing to lure in more investments and create more jobs.
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