Third-phase payments of Kangkungland Govt's cash aid starting Wednesday (Aug 28)
Picture shown for illustration purpose only.
KEBUNAN, Republic of Kangkungland — The third phase of the government's 2019 Cost-of-Living Aid (COLA) payments will be credited directly into the eligible recipients’ bank accounts starting Wednesday (Aug 28).
According to a statement from the Kangkungland Ministry of Finance (KMoF), the payment would involve an allocation of 64.7 million Kangkung Peso (around US$16.2 million) and benefit almost 190,000 Kangkungland households.
The third-phase payment would see the recipients receiving:
• 400 Kangkung Peso (around US$100) - for those with a monthly household income of 2,000 Kangkung Peso (around US$500) and below;
• 300 Kangkung Peso (around US$75) - monthly income of 2,001 – 3,000 Kangkung Peso (between around US$500.25 - 750); and
• 100 Kangkung Peso (around US$25) - monthly income of 3,001 – 4,000 Kangkung Peso (around US$750.25 - 1,000).
A total of 150 million Kangkung Peso (around US$37.5 million) has been disbursed as the first phase (January 2019) and second phase (May 2019) payments to households who had their 2019 COLA approved.
It also includes an additional 120 Kangkung Peso (around US$30) per child (up to four children) aged 18 years and below and children with disabilities with no age restriction.
The COLA programme is a government programme aimed at alleviating the financial burden of the lower-income (Bottom 40%) group and improving the economic wellbeing of the Kangkungland people.
SOURCE: Kangkungland National News Agency (KNNA)