DBM assures more funds for typhoon-affected LGUs

Business

Budget and Management Secretary Wendel Avisado has assured local governments there is adequate budget for the immediate needs of areas affected by recent typhoons.

“The President has ordered the immediate release of additional funds for local government units (LGUs), particularly those affected by Typhoon Quinta, Super Typhoon Rolly and yphoon Ulysses,” which struck the country in close succession recent.

In the Public Briefing program over PTV on. Avisado said the remaining funds of the National Disaster Risk Reduction Management (NDRRM) stand at about P6.8 billion, which may not be enough for the needs of typhoon-hit areas prompting DBM to P10 billion to it.

He said there was also a suggestion to extend financial assistance to LGUs affected by Typhoons Quinta and Rolly to augment their calamity fund and the budget will be charged against the NDRRM Fund to be released soon.

“This is equivalent to one percent of their IRA (Internal Allotment Fund) and we take into consideration the estimated amount of damage and number of affected populations as reported by both the OCD (Office of Civil Defense) and the DSWD (Department of Social Welfare and Development),” he added.

Avisado said the funds will be disbursed directly by the Bureau of the Treasury (BTr) to the LGUs’ Modified Disbursement Account or system account through the Landbank of the Philippines (Landbank), Development Bank of the Philippines (DBP), or the Veterans Bank.

LGUs that are qualified for this fund augmentation include Albay, Quezon, Camarines Sur, Catanduanes, Oriental Mindoro, Batangas, Sorsogon, Occidental Mindoro, Laguna, Marinduque, Cavite, Rizal, Camarines Norte, Masbate and Romblon. The same augmentation will be extended to LGUs in Cagayan Valley.

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