For Fiscal Year 2024, there are mixed speculations about the SRI 2024. In addition, some believe it will be granted, while others doubt its likelihood. Just today, December 10, 2024, President Ferdinand Marcos Jr. issued statement to direct the DBM for the grant of SRI. President Ferdinand “Bongbong” Marcos Jr. has instructed the Department of Budget and Management (DBM) and the Department of Education (DepEd) to collaborate on increasing the Service Recognition Incentive (SRI) for public school teachers.

20,000 pesos SRI 2024 is now Real

“This initiative emphasizes our shared commitment to empowering teachers and recognizing their indispensable role in nurturing the future of Filipino learners,” Angara stated.

See More Details for Service Recognition Incentive 2024, click here.

In recent fiscal years, the grant of Service Recognition Incentive (SRI) and a one-time rice allowance under AO 2 s. 2024. This incentive has greatly improved the performance of government agencies in providing public services. Many government employees, including DepEd personnel, now anticipate receiving the SRI for Fiscal Year 2024. The SRI serves as an annual financial benefit that recognizes the their dedication. Aiming to increase morale of government employees to delivering quality and responsive public service.

In December 2024, President Marcos Jr. instructed the DBM and the DepEd to find budgetary solutions to implement the SRI increase for DepEd personnel. He emphasized the need to balance this initiative with fiscal responsibility.