Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Calamity fund release hits P18B

by
October 9, 2024
in Top News
0
Calamity fund release hits P18B
0
SHARES
17
VIEWS
Share on FacebookShare on Twitter

CALAMITY FUNDS worth P18.81 billion have been released as of end-September to repair typhoon damages, the Department of Budget and Management (DBM) said.

According to its National Disaster Risk Reduction and Management Fund (NDRRMF) status update, P18.29 billion has been released to state agencies, while P520.14 million was allocated to government-owned and -controlled corporations (GOCCs).

Of the total, P11.09 billion was disbursed to the Department of Public Works and Highways (DPWH), while the Department of Social Welfare and Development (DSWD) received P6.39 billion.

Under the fund release, P374.97 million was given to the Department of Human Settlements and Urban Development, P343 million to the Department of Finance, and P100 million to the Department of National Defense.

For GOCCs, P450 million was allocated to the National Irrigation Authority, P49.94 million to the National Housing Authority, and P20.2 million to the Local Water Utilities Administration (LWUA).

The DBM also said that P1 billion and P875 million were released to the DPWH and the DSWD to replenish their respective Quick Response Funds (QRFs).

The QRF is a standby fund to support relief and rehabilitation efforts during calamities. If a government agency’s QRF has reached below 50%, it may request the DBM for replenishment.

In September, P255.27 was released to the DPWH for typhoon damage repairs in Ilocos Sur. Likewise, the LWUA received P20.2 million to help rehabilitate water facilities at the Cagayan Region.

The DBM has yet to release P3.92 billion out of this year’s P22.74-billion NDRRMF budget. — Beatriz Marie D. Cruz

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
Junking of case vs Marcoses scored

Junking of case vs Marcoses scored

Recommended

Tax compliance creates safeguards in a digital economy

Tax compliance creates safeguards in a digital economy

September 24, 2024
Reeves collects record £2.2bn from ‘death tax’ ahead of Budget

Reeves collects record £2.2bn from ‘death tax’ ahead of Budget

October 23, 2024
Filipinos okay with overstating income when applying for loans, survey shows

Filipinos okay with overstating income when applying for loans, survey shows

September 26, 2024
Gov’t may issue peso Sukuk bonds next year

Gov’t may issue peso Sukuk bonds next year

November 26, 2024
To achieve energy security, balance is key

To achieve energy security, balance is key

August 20, 2024
Inflation rates in the Philippines

Inflation rates in the Philippines

January 7, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    NevGold Mobilizes Drill To Test Historical Leach Pads To Advance The Near-Term Antimony Production Scenario at Limo Butte

    NevGold Mobilizes Drill To Test Historical Leach Pads To Advance The Near-Term Antimony Production Scenario at Limo Butte

    March 14, 2026
    Cartier Cuts 7.1 g/t Au over 8.0 m at Portal ; New Shallow High-Grade Gold Zone Discovered

    Cartier Cuts 7.1 g/t Au over 8.0 m at Portal ; New Shallow High-Grade Gold Zone Discovered

    March 14, 2026
    Crypto Market Update: Iran War Drives Oil Derivatives Boom on Crypto Exchange

    Crypto Market Update: Iran War Drives Oil Derivatives Boom on Crypto Exchange

    March 12, 2026
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • Home
    • Privacy Policy
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved