"President Aquino had expected his huge CCT releases to stimulate the economy. It did not. Isn’t it time to rethink the CCT program which is programmed to cost (the government) P306 billion up to 2015 with P39 billion programmed for 2012."
Questions:
- Did the President really think CCT will stimulate the economy?
- How?
*** CCT is tantamount to a government gratuity, it's main purpose is to "transfer cash" to DSWD-identified recipient (supposedly the poorest of the poor) so that they will continue sending their god-forsaken kids to school. From this premise, the effect of this program would not be felt until this god-forsaken kids actually graduate, find jobs, and uplift their status to poor (from poorest of the poor).I never liked this CCT, not before (Arroyo), not now (Aquino). The gall of Sec. Soliman to increase their funding is beyond appalling.
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