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The Department of Budget and Management (DBM) released an additional P4.85 billion to cover the financial assistance of individuals residing in cities and municipalities affected by Typhoon Odette. In particular, this shall be distributed to local government units (LGUs) in Region IV-B (P198.21 million), Region VI (P1.63 billion), Region VII (P1.04 billion), Region VIII (P964.10 million), Region X (P156.02 million) and Region XIII (P864.08 million). With this, affected persons and families are expected to receive assistance equivalent to P1,000 per individual and a maximum of P5,000 per household. The recipient LGU shall facilitate and determine the most efficient way to immediately provide the assistance to their constituents, subject to close supervision and monitoring of the Department of the Interior and Local Government and the Department of Social Welfare and Development (DSWD). (in million pesos) Region Allotment Released on December 24, 2021 Allotment Released on December 27, 2021 Allotment Released on December 28, 2021 LGU TOTAL TOTAL 1,000.00 1,000.00 4,854.36 6,854.36 IV-B 171.57 84.38 198.21 454.16 VI 207.25 248.35 1,633.34 2,088.94 VII 188.31 202.66 1,038.61 1,429.58 VIII 142.50 115.43 964.10 1,222.03 X 122.99 84.37 156.02 363.38 XIII 167.38 264.81 864.08 1,296.27 *Numbers may not add-up due to rounding...
President Rodrigo Roa Duterte has signed into law Republic Act No. 11640 which effectively extends the validity of the FY 2021 General Appropriations Act, the first pandemic-era national budget, until December 31, 2022. With the extended validity period, government agencies have another year to use their respective allocations under the FY 2021 national budget. In particular, appropriations for maintenance and other operating expenses as well as for capital outlays are now available for release, obligation and disbursement until the end of the next fiscal year. In addition, funds for infrastructure capital outlays, including those subsidy releases to GOCCs for infrastructure can now be obligated, completed and paid out until December 31, 2022.  However, the budget validity extension would not cover funds for Personnel Services and thus, this will expire by the end of 2021.  After the one-year extension, all unreleased appropriations and unobligated allotments shall lapse, while unexpended or undisbursed funds will be reverted to the National Treasury.  The Department of Budget and Management shall issue the necessary guidelines to guide agencies in the release, obligation and...
Today, President Rodrigo Roa Duterte signed into law the P5.024 trillion Fiscal Year (FY) 2022 General Appropriations Act (GAA). The budget is equivalent to 23.3 percent of the gross domestic product, and larger by 11.5 percent than the FY 2021 budget. Anchored in the theme “Sustaining the Legacy of Real Change for the Future Generations,” the FY 2022 National Budget is set to inspire actions that focus on building resilience amidst the pandemic, sustaining the momentum towards recovery, and continuing the legacy of infrastructure development.  By Allotment Class Personnel services expenditures amount to P1.405 trillion, or 28.0 percent of the P5.024 trillion expenditure program for 2022. This includes the requirements for the Military and Uniformed Personnel (MUP) pension arrears and the payment for the continuous hiring of healthcare workers and teaching personnel, among others.  Meanwhile, Maintenance and other operating expenditures (MOOE)[1] will reach P2.599 trillion next year, which is equivalent to 51.7 percent of the FY 2022 national budget. This shall support the requirements for the DA’s priority agricultural programs, DOH’s health banner programs, DSWD’s social protection...
The Department of Budget and Management (DBM) released a total of P827.18 million to frontline agencies for the replenishment of their respective Quick Response Fund (QRF), in line with the recent onslaught of Typhoon Odette. These include the Office of Civil Defense (OCD) with P139.68 million, Philippine National Police (PNP) with P25.0 million and the Department of Social Welfare and Development (DSWD) with P662.50 million.  (in million pesos) Agency Allotment Released TOTAL  827.18 OCD 139.68 PNP 25.00 DSWD 662.50 *Numbers may not add-up due to rounding off The total funding requirement was charged from the National Disaster Risk Reduction and Management Fund, or commonly known as “calamity fund”. This can be used for aid, relief and rehabilitation services for communities affected by natural calamities, among others.  The QRF is a built-in standby fund in selected agencies which can be tapped to immediately address the adverse effects and damages brought about by catastrophes and crises. When the QRF gets depleted, the concerned agencies may request for augmentation of funds to the DBM through a special budget request and subject to the approval of the Office of the President. ...
The Department of Budget and Management (DBM) released an additional P1.0 billion to local government units (LGUs) in Region IV-B (P84.38 million), Region VI (P248.35 million), Region VII (P202.66 million), Region VIII (P115.43 million), Region X (P84.37 million) and Region XIII (264.81 million) to aid them in addressing the damages caused by Typhoon Odette.  The allocations for the respective regions were computed based on the number of affected households and on the proportionate amount of damages incurred by Typhoon Odette on the region’s infrastructure and agricultural sectors, as recently reported by the Department of Social Welfare and Development: (in million pesos) Region Allotment Released on December 24, 2021 Allotment Released on December 27, 2021 LGU TOTAL TOTAL  1,000.00 1,000.00 2,000.00 IV-B  171.57  84.38 255.95 VI 207.25 248.35 455.60 VII 188.31 202.66 390.97 VIII 142.50  115.43 257.93 X 122.99 84.37 207.36 XIII 167.38 264.81 432.19 *Numbers may not add-up due to rounding off The total funding requirement was also charged from the FY 2021 Contingent Fund and shall similarly be downloaded to the respective authorized government servicing banks of the LGUs by the Bureau of the Treasury.   Overall, the Department has released P2.0 billion to assist our hard-stricken LGUs and shall issue a Local Budget Circular to...
The Department of Budget and Management (DBM) released an initial P1.0 billion to assist affected local government units (LGUs) in addressing the adverse effects and damages caused by Typhoon Odette.  In particular, the financial assistance shall cover affected LGUs in Region IV-B (MIMAROPA), Region VI (Western Visayas Region), Region VII (Central Visayas Region), Region VIII (Eastern Visayas Region), Region X (Northern Mindanao) and Region XIII (Caraga) which were recently placed under a State of Calamity by President Rodrigo Duterte Based on the Report of the Disaster Response Operations Monitoring and Information Center (DROMIC) on the number of affected families/persons and on damages incurred on infrastructure and agriculture sectors, the DBM computed the following allocations for the respective regions:  Region Allotment Released(in Million Pesos)  TOTAL  1,000.0 IV-B  171.57  VI 207.25 VII 188.31 VIII 142.50  X 122.99 XIII 167.38 The total funding requirement was charged from the FY 2021 Contingent Fund and shall be released directly by the Bureau of Treasury to the concerned local government units (LGUs) through their respective authorized government servicing banks.    (30)...
Thumbnail Review of the Medium-Term Macroeconomic  Assumptions and Fiscal Program for FY 2021 to 2024 December 14, 2021 The Development Budget Coordination Committee (DBCC) has revisited the government’s medium-term macroeconomic assumptions, fiscal program, and growth targets for FY 2021 to 2024 in line with recent domestic and external  developments.  Our accelerated vaccination drive has enabled the safe and targeted reopening of the economy. With 41.5 million Filipinos now fully vaccinated, we have seen COVID-19 cases and deaths fall sharply even as we relaxed restrictions in the last quarter of the year. This led to an additional employment of 1.3 million compared to the pre-pandemic level, above-target revenue collections, and a strong and early recovery. Building on our economic gains and successful vaccination drive in 2021, the Economic Development Cluster has crafted the 10-point policy agenda to shift the country from a pandemic to an endemic paradigm.    The 10-point policy agenda covers the following areas: 1) metrics; 2) vaccination; 3) healthcare capacity; 4) economy and mobility; 5) schooling; 6) domestic travel; 7) international travel; 8) digital transformation; 9) pandemic...

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