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Where's the P275-B? Duterte says COVID-19 response fund not yet onhand
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.
He explained that the budget was prepared before the COVID-19 pandemic and did not include allocations for it.
Netizens had previously trended the hashtag #NasaanAng275Billion demanding a breakdown of the fund.
Congress had approved the P275-billion package under the Bayanihan to Heal as One Act to assist 18 million low-income households affected by the enhanced community quarantine.
The President mentioned that he is considering selling off government assets to raise funds for the COVID-19 response.
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The Philippine government aims to raise P1.17 trillion, equivalent to 5% to 6% of the country's GDP, to fund its COVID-19 response and mitigate economic effects.
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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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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 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.
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President Duterte warned that the country could face an early collapse if citizens listen to "idiots" and the "insane" instead of the government's directives.
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