Palace: Gov’t ready to cushion power rate hikes | Inquirer News

Palace: Gov’t ready to cushion power rate hikes

By: - Reporter / @BLozadaINQ
/ 05:58 PM December 29, 2013

Presidential Communications Operations Office Secretary Herminio Coloma. Photo from https://pcoo.gov.ph/

MANILA, Philippines—Malacañang has assured the public that the government is ready to support the people amid the impending power rate increases.

Secretary Herminio Coloma Jr. of the Presidential Communications Operations Office said a big portion of the P2.265-trillion budget is allocated for social protection and social safety nets.

Article continues after this advertisement

“A chunk of our National Budget will go to social protection, including social safety nets for our people, especially those in the lower economic classes,” Coloma said on the state-run dzRB Radyo ng Bayan.

FEATURED STORIES

Coloma said that the social services part of the budget is aimed at protecting the poor from the debilitating effects of high prices of commodities, including electricity.

He added that the government continues to monitor the effects of price increases for basic services and will adopt measures to alleviate the economic burdens.

Article continues after this advertisement

“Our economic cluster is monitoring these developments and will adopt the appropriate policies to make sure they do not add to the burden of the people,” Coloma said.

Article continues after this advertisement

Related stories

Article continues after this advertisement

 

Supreme Court halts power rate hike

Article continues after this advertisement

 

Aquino says he has no power to stop power rate hike

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Government, Malacañang, Nation

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.