Pantawid Pamilyang Pilipino Program a boon to local economy
Pantawid Pamilyang Pilipino Porgram (4Ps), the Philippine government’s conditional cash transfer program, has not only benefited poor households but also yielded positive effects to the local economy. The details were presented at a public forum held on June 23, 2016 at the Ateneo de Manila University.
The Ateneo School of Government, Department of Social Welfare and Development (DSWD) and the Australian Department of Foreign Affairs and Trade organized the event. Pantawid Pamilyang Pilipino Program: Stimulus to Local Economic Growth” was a research study on the program’s impact on the local economy. With fund support from the Australian Embassy, DSWD obtained the services of Dr. Lourdes Adriano, an expert on sectoral impact assessment.
The study, conducted from December 2015 to May 2016, aimed to assess the qualitative and quantitative economic impact of the Pantawid’s cash grant expenditure in Albay, Camarines Norte and Masbate. It delved into 3 inter-related sub-economies: household economy, economic sector, and provincial/ regional economy.