00:00 The Pantawid Pamilyang Pilipino Program or 4-Piece cash grant amounting to P4,700
00:06 provides significant aid to many families, yet for some it falls short due to the current high cost of living.
00:13 A 2019 study by the Philippine Institute for Development Studies revealed
00:17 that an inflation is purchasing power of 4-Piece beneficiaries.
00:23 President Ferdinand R. Marcos Jr. is contemplating solutions and has convened
00:27 the National Economic and Development Authority, Philippine Statistics Authority,
00:32 and Department of Social Welfare and Development to study how to ensure
00:36 that beneficiaries fully benefit from their aid.
00:39 It is unclear if beneficiaries' aid will be increased, but some families are already
00:43 anticipating changes, hoping it will happen before they needed it more.
00:48 "We need to make sure that it won't be left behind if there are spikes like inflation.
00:54 That was the gist of the meeting earlier because part of our President's thrust is to ensure that
00:59 social protection is not only done but also met in time, met in need."
