The Philippine government is reviewing whether to seek a supplemental budget from Congress for its UPLIFT program. This follows an earlier plan to obtain funding from the Asian Development Bank instead.
Presidential Communications Undersecretary Claire Castro stated at a press briefing that the Department of Budget and Management is currently assessing if the request remains necessary.
President Marcos created the Unified Package for Livelihoods, Industry, Food and Transport program through Executive Order 110 last March. The measure aims to address effects from rising oil prices linked to the Middle East conflict.
Finance Secretary Frederick Go had previously indicated the government's intent to access up to $1.5 billion through the Asian Development Bank's counter-cyclical support facility to back UPLIFT measures.
