P5.95-B in calamity funds still available for disater response & rehab

August 7, 2012 10:04 pm 

MANILA, Aug. 7 — The Department of Budget and Management (DBM) on Tuesday said that the calamity fund still has a balance of P5.95 billion that can be released for disaster response and rehabilitation efforts.

Budget Secretary Florencio B. Abad also said that the department has already released P2.989 billion in Quick Response Funds (QRFs) to the responsible departments early this year.

Some P500 million of QRF were released to the Department of Agriculture; P550 million to Department of Education; P170.195 million to Department of Health; P352.5 million to Department of National Defense (DND)-Office of the Secretary; P530 million to DND-Office of Civil Defense; P224.286 million to Department of Public Works and Highways; and P662.5 million to Department of Social Welfare and Development.

“These funds are readily available to enable national government agencies to immediately respond to the needs of localities and citizens affected by calamities,” he said.

“We are ready to augment these QRFs and the Calamity Fund if needed. We have enough savings that can be realigned to support disaster response and rehabilitation activities,” he said.

The 2012 Budget provides P7.5 billion for the Calamity Fund; and a balance of P291.775 million has been carried-over from the previous year. Unlike in the previous fiscal years where the QRFs have been tucked into the Calamity Fund, the 2012 Budget allocates QRFs separately under the budgets of departments. A total of P10.489 billion has been appropriated for the Calamity Fund and QRFs, compared to the P5-billion Calamity Fund under the 2011 Budget. (PNA)



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