Budget Secretary Benjamin Diokno (Malacañang file photo)
The Department of Budget and Management (DBM) has allocated P448 million budget for the Department of Labor and Employment (DOLE) to extend assistance to the displaced workers in Malay, Aklan following the six-month closure of the Boracay island.
DBM Secretary Benjamin Diokno said on Friday that the financial assistance is sourced from the P13 billion Contingent Fund of the 2018 Fiscal Year.
Diokno said DOLE will be provided with the funds for the emergency employment, livelihood and training programs for the affected workers as the world-renowned tourist spot is undergoing rehabilitation.
DOLE also launched Boracay Emergency Employment Program (BEEP) to safeguard workers and micro, small, and medium enterprises (MSEMs) in the said island.
Under DOLE’s Adjusted Measure Program, BEEP will provide beneficiaries of the 50% of the minimum wage for six months. /jpv
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