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    Posted March 26, 2014 by
    omeroscar
    Location
    Manila

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    Aid for typhoon-hit Philippines a priority

     
    SECRETARY of Budget and Management Florencio Abad on Thursday confirmed that P26.2 billion in funds have already been released as of March 10 for post-disaster projects and activities in areas affected by typhoon “Yolanda” in Central Philippines.
    In a bi-weekly report on releases for typhoon “Yolanda” (Haiyan) related projects, the Department of Budget and Management (DBM) in a statement said that fund releases to date represent a P1.52-billion increase over releases made by end-February, which amounted to P24.7 billion.
    “The Administration continues to work with LGUs and key implementing agencies in delivering post-disaster aid to Yolanda-stricken areas. Although it’s been nearly six months since the super typhoon struck, the victims of the disaster are still in the process of rebuilding their communities,” Abad said.
    He added: “The funds released so far will definitely allow the agencies to carry out rehabilitation and reconstruction projects in areas affected by Typhoon Yolanda. Along with ensuring the country’s continued growth, mobilizing post-calamity aid is still a priority for the Aquino administration.”
    In the report, the DBM said that operations units in the agency’s Central Office have already received requests for Yolanda aid totaling P15.1 billion.
    Fund sources against which the releases may be charged are under the category of Disaster Risk Reduction and Management Funds. These include FY 2013 and 2014 appropriations for the Calamity Fund/National Disaster Risk Reduction and Management Fund, the Rehabilitation and Reconstruction Program, and Supplemental Appropriations.
    Altogether, the allocations for these fund sources amount to P51.4 billion.

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