Congress earmarks ₧254 million cash gift for 2023 centenarians | BusinessMirror

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Congress earmarks ₧254 million cash gift for 2023 centenarians | BusinessMirror
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Congress—and in particular, the House of Representatives—is invested with the “power of the purse.” Know more:

Congress—and in particular, the House of Representatives—is invested with the “power of the purse.” The representatives of the people are the ones who approve the country’s budget, including the appropriation of funds for a specific purpose—like benefits for the elderly.

The move was in response to an earlier request of the Department of Social Welfare and Development for funding of the centenarians’ cash benefits in 2023. The P254 million earmarked for the Centenarian’s Gift in the 2023 General Appropriations Act is 43 percent higher than last year’s P178 million, according to Campos.

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