Government says budget ‘already stretched’ to allot beyond P200 monthly for poor families The government does not have enough funds to provide a bigger subsidy for the country’s minimum-wage earners amid skyrocketing prices of oil products- Read more here:
Government says budget ‘already stretched’ to allot beyond P200 monthly for poor families
TUCP said it will also file wage increase petitions in other RTWPB offices apart from the National Capital Region to help minimum wage earners in the provinces. Duterte previously approved the proposal to distribute unconditional cash transfers to each of the country’s “bottom 50%” households per month, totaling P2,400 over a year.
According to DOF Legislative Liaison Specialist Jeanne Guinto, the department supports maintaining the current system of regional wages, as needs vary among areas. “The 5 million minimum wage workers are now fast becoming the new poor. It has been years since the last wage increase, and as prices of basic commodities continue to spike, minimum wage earners will soon no longer be able to cope,” he said.
“We will not have enough time in Congress to provide urgent relief for our minimum wage earners through legislation. This is the reason that we are asking the President to instruct the RTWPBs to move fast and approve our petition,” the labor leader added. “This gives us more reason to believe that oil price increases will not subside soon, which will certainly cause inflation rates to soar in the coming days that will badly hit our struggling workers and their families,” he added.
Domestic prices have seen gasoline up by P7.10 per liter and diesel by P13.15 per liter on Tuesday alone.
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