Are you a government employee or side hustler in the Philippines? EO 64 could impact your income and financial planning in 2024. Here’s what you need to know.
What is EO 64?
Signed on August 2, 2024, Executive Order No. 64 updates the salary schedule for government employees. Its goal is to provide fair and competitive pay and help workers keep up with inflation.
- Applies to over 1 million government workers
- Covers agencies, judiciary, legislative branches, and certain GOCCs
Side hustlers may notice indirect effects, like changes in government contracts, project rates, or client payments.
How the Salary Hike Works
EO 64 implements a four-tranche increase from 2024 to 2027:
- First tranche: Retroactive to January 1, 2024
- Next tranches: Annually until 2027
Extra Perk: ₱7,000 annual medical allowance for qualified government employees.
Who Benefits?
- Government agency staff
- Judiciary and legislative employees
- Constitutional commission workers
- Certain GOCC employees
Even non-government workers can leverage this info to plan side hustles targeting government clients.
How Much Will Your Pay Increase?
Salary hikes vary depending on your salary grade. Example:
- Entry-level teachers: +₱1,512/month
- Other positions: increases vary per grade
While some say it may not fully match rising costs, any increase can boost your financial stability, especially when combined with side income.
Tips for Side Hustlers & Employees
- Save and invest – Use extra income to grow emergency funds or side hustles.
- Healthcare planning – Leverage the ₱7,000 medical allowance for preventive care.
- Budget wisely – Adjust monthly expenses based on new pay.
- Explore side hustles – Invest in online selling, food carts, or other small ventures.
Why EO 64 Matters
EO 64 is not just about pay—it’s about smart financial planning and maximizing opportunities. Side hustlers can benefit by aligning their ventures with government pay updates and upcoming contracts.
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