MANILA - The P4.7-billion intended for the payment of administrative liability and arrears to World War II veterans, widows of slain soldiers and Army retirees aged 80 and above will be released "in less than a week".
"In less than a week, the beneficiaries will receive the funds. We will release the money. The payroll for it has been prepared," Budget Secretary Benjamin Diokno said in an interview on DZMM Tuesday.
President Rodrigo Duterte earlier said that of the total amount, P3.5 billion will be allocated to the pension of widows while P1.2 billion will go to AFP retirees and war veterans.
[READ: Duterte OKs P4.7-B fund for war veterans, army retirees, widows ]
Diokno said budget officials are also working on the approval of the "combat incentive pay" that will be given to the police and the military, across the board.
The budget secretary said he will leave it up to the president to announce when the combat incentive pay will be available for disbursement.
The administration has also promised a salary hike for soldiers and cops in a bid to improve police and military services amid Duterte's war against illegal drugs.
[READ: Diokno confirms salary hike for soldiers, cops ]