Social Pension Budget for Indigent Seniors Doubled to ₱49.807 Billion in 2024
In a landmark move, the Department of Budget and Management (DBM) has released a record ₱49.807 billion to the Department of Social Welfare and Development (DSWD) as part of the 2024 General Appropriations Act (GAA). This funding is earmarked for the Social Pension for Indigent Senior Citizens (SPISC) Program, effectively doubling the allowance for over four million eligible elderly Filipinos.
Last year’s budget for the program was ₱25.30 billion, highlighting the government’s increased commitment to supporting its aging population. DBM Secretary Mina F. Pangandaman stated, “We recognize the challenges faced by the elderly and understand the importance of providing timely assistance to alleviate their hardships. The prompt release of this budget allows us to make a tangible difference in their lives.”
The SPISC Program is designed to enhance the well-being of indigent senior citizens by providing a monthly stipend to help with their daily living and medical expenses. This year, beneficiaries will receive an increased monthly pension of ₱1,000, as per Republic Act No. 11916, which was enacted in July 2022.
To qualify for the SPISC Program, individuals must be 60 years or older, frail, sickly, and not receiving pensions from other government sources such as GSIS, PVAO, SSS, or private insurance companies. Additionally, they must lack a regular income or family support for their basic needs.
President Ferdinand R. Marcos Jr. has reiterated his administration’s dedication to inclusive growth, stating, “In pursuit of a Bagong Pilipinas, we are committed to ensuring that no Filipino, especially the most vulnerable sectors, is left behind.” The SPISC Program is one of several initiatives aimed at realizing the vision for a better Philippines.