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P189-B in unreleased funds at hand for COVID-19 response –Duterte report
The Department of Budget and Management (DBM) has identified P189.82 billion in unreleased appropriations from the 2019 and 2020 budgets that can be discontinued to fund the government's COVID-19 response.
These funds are sourced from Personal Services, Maintenance and Other Operating Expenses, Financial Expenses, and Capital Outlay items.
Approximately P160 billion of these unreleased funds come from capital outlays, with the rest from maintenance and other operating expenses (around P28 billion), personnel services (around P967 million), and financial expenses (around P505,000).
The reallocated funds will cover additional requirements for existing or new programs supporting COVID-19 measures, as well as deficiencies in special purpose funds.
The President's report to Congress confirmed these available funds for the COVID-19 response.
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President Rodrigo Duterte announced that the Philippine government has released P132.3 billion to fund the country's COVID-19 response efforts.
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President Rodrigo Duterte admitted that the P275-billion coronavirus response fund is not yet on hand, as it is still to be collected in the second, third, and fourth quarters of the year.
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The Department of Budget and Management (DBM) is set to release P30.8 billion in financial aid to cities and municipalities to support their COVID-19 relief and response efforts.
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The Philippine government is actively seeking and allocating funds to address its response to the COVID-19 pandemic, having already released P132.3 billion.
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The Department of Budget and Management (DBM) has released P30.82 billion for cities and municipalities to combat COVID-19, equivalent to one month's fiscal year 2020 Internal Revenue Allotment.
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