More than 950,000 workers from the formal sector have received financial assistance from the government through the COVID-19 Adjustment Measures Program (CAMP), the Department of Labor and Employment (DOLE) said Wednesday.
"We already helped 952,000 workers from the formal sector including those in education and tourism," DOLE Assistant Secretary Dominique Tutay said in a virtual forum.
"Our disbursement rate is at 80 to 85 percent," she added.
Tutay said many already benefitted from CAMP and they expect many more from the tourism sectror will be added to the number of beneficiaries.
"For the tourism sector, the applicants are only about 380,000 workers. We still have a long way to go in that sector," she said.
CAMP, which is a one-time cash assistance of P5,000, is expected to benefit over a million formal sector workers displaced by the COVID-19 pandemic.
CAMP for tourism intends to benefit over 600,000 workers in the industry, one of the hardest hit by the pandemic.
Under the Bayanihan 2, a budget of P7.4 billion, including the P3.1 billion for tourism workers and P300 million for school personnel, has been allocated for the CAMP.