Manila Bulletin
DBM chief assures the gov't has enough funds to combat COVID-19
Department of Budget and Management (DBM) Secretary Wendel Avisado assured the public that the Philippine government possesses sufficient funds to address the ongoing COVID-19 crisis.
Avisado stated that both the current and previous fiscal budgets are being utilized to finance the nation's response initiatives.
He confirmed that all necessary funds for the Department of Social Welfare and Development's (DSWD) Special Amelioration Program were released by April 24.
Despite the availability of funds, Avisado acknowledged that distribution processes might be experiencing some delays.
The DBM chief emphasized that the government is committed to providing aid to all affected individuals, encompassing both formal and informal sector workers, as per the President's directive.
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The Philippines and the Asian Development Bank (ADB) signed a $1.5 billion loan agreement to support the government's COVID-19 response.
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The Department of Budget and Management (DBM) has mandated government agencies to implement austerity measures and postpone non-essential expenditures to safeguard funds for the ongoing COVID-19 response.
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Senator Panfilo Lacson questioned the need for a supplemental budget for the COVID-19 response, citing unused funds from the 2019 budget.
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The Department of Budget and Management (DBM) has approved the release of P45.717 billion to fund the Department of Health's (DOH) COVID-19 response efforts, as disclosed by President Rodrigo Duterte in his fifth weekly report to Congress.
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The United States has provided an additional $5.9 million (approximately Php298 million) in funding to the Philippines, bringing the total US government assistance for the COVID-19 pandemic to over $15.2 million (Php768 million).
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