President Ferdinand "Bongbong" Marcos Jr. Proposes Incentives for Government Workers Amid Economic Hardship

President Ferdinand “Bongbong” Marcos Jr. has recently announced plans to provide significant incentives to skilled workers in the executive branch to help government employees facing economic hardship.

Last year, an administrative order (AO) granted a one-time SRI of up to PHP20,000 to executive department workers, acknowledging their dedication during difficult times. Now, the President has suggested additional incentives to recognize and further assist these deserving individuals.

The proposed SRI rate not exceeding PHP20,000 aimed in providing additional support to eligible government employees in recognition of their achievements during difficult times. This announcement follows the government’s previous provision of service recognition incentives to eligible employees in December 2022.

President Ferdinand "Bongbong" Marcos Jr. Proposes Incentives for Government Workers Amid Economic Hardship

President Marcos Jr. expressed concern for the Filipino people and acknowledged widespread economic hardship, "We’ll see what is our financial position at the end of this all. Ganyan naman talaga iyan (That’s how it works),” Marcos said in an interview in Taguig City, when asked if government workers would receive SRI before yearend." “We wait until the end of the fiscal year to see what it is that we can afford. So, we will have another look at that and to see if it is possible,”, he added.

The potential incentives for executive branch employees are evidence of the government’s commitment to supporting the workforce as the nation navigates economic challenges.

The final decision on this proposal is expected to be made after a review at the end of the fiscal year and is eagerly awaited by government officials and the public alike. However, the President noted the importance of assessing the financial feasibility of this new stimulus package. This decision will depend on the fiscal position of the government at the end of the year, which will determine the feasibility of distributing these funds.

It is noteworthy that the Department of Budget and Management recently allocated P69.4 billion for year-end bonuses and cash gifts for civil servants, reflecting the government’s continued efforts in providing financial support to civil servants. The proposed incentives for executive branch employees further highlight the government’s commitment to its workforce.

In conclusion, the potential incentives for skilled workers in the executive branch are aimed at providing additional support to eligible government employees in recognition of their achievements during difficult times. The final decision on this proposal will be made after a review at the end of the fiscal year, but the government’s ongoing efforts to provide economic relief to employees are commendable.

Here’s a list of key agencies and departments that are part of the executive branch in the Philippines