IT HAS been described as an “investment in the next generation,” with its supposed results of millions of healthier, better educated Filipinos not expected to be realized anytime soon. But the Conditional Cash Transfer (CCT) program is also an investment that is drawing a substantial chunk of its capital from foreign loans, a fact that has many observers raising red flags.
“The poor of the future will be the ones who will carry the burden of paying off this debt,” says Freedom from Debt Coalition Executive Director Milo Tanchuling, who believes it would be better if the CCT relied on locally sourced funds. That the government is also vague about alternative funding prospects for the program has only made those like Tanchuling uneasy – and wondering if it’s an initiative that is sustainable.
SHE HAD neither bought a lotto ticket nor joined a TV game show. But Marissa felt like she won the jackpot anyway late last year, when her family was chosen as one of the recipients of the government’s Conditional Cash Transfer (CCT) Program.
After all, it meant her family would be receiving P800 a month, and while that has since proved inadequate to sustain her brood of four, whatever cash she can lay her hands on is welcome, especially now that her husband, a returnee from suddenly protest-prone Saudi Arabia, has been jobless for the last two months.
© 1989–2019 All rights reserved. Philippine Center for Investigative Journalism.