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DBM to release P1 B to DPWH for infra repairs
The Philippine Star
|November 30, 2024
A P1-billion fund for rehabilitating infrastructure projects damaged by recent tropical cyclones has been approved for release by the Department of Budget and Management (DBM).
The fund will be released to the Department of Public Works and Highways.
The DPWH was one of the frontline agencies that used up its funds for relief and rehabilitation efforts in the aftermath of cyclones that hit the Philippines, according to Budget Secretary Amenah Pangandaman.
"That is why when the DPWH requested for additional budget, we immediately acted on it and found ways to provide it," she said yesterday.
"As directed by President Marcos, we shall continue to ensure that we provide needed support to crucial initiatives aimed at mitigating the impact of natural calamities," she added.
Pangandaman on Wednesday approved the release of the Special Allotment Release Order, which shall be valid for obligation until Dec. 31, 2025.
The government has allocated P22.736 billion this year for the National Disaster Risk Reduction and Management Fund, she noted.
To date, at least P22.479 billion has been released to various state agencies and government-owned and controlled corporations.
Of the amount, about P13.888 billion was for the augmentation of agencies' quick response fund, the DBM said.
Cash aid Meanwhile, around 12 million low-income Filipinos would benefit from the proposed P39.8-billion budget for the Ayuda sa Kapos ang Kita Program (AKAP), House Deputy Majority Leader Janette Garin said yesterday.
यह कहानी The Philippine Star के November 30, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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