Manila Bulletin
Recto seeks extension of Bayanihan 2 funds until March 2021
Senate President Pro Tempore Ralph Recto filed Senate Bill No. 1909 seeking to extend the validity of the Bayanihan to Recover as One Act (Bayanihan 2) until March 27, 2021.
Bayanihan 2, with a total appropriation of up to P165.5 billion, is set to expire on December 19, 2020.
As of October 29, P64 billion out of the P140 billion allotted to government agencies had yet to be released.
A newspaper report quoted the Department of Budget and Management (DBM) as saying that releases under Bayanihan 2 have reached P80.57 billion as of November 11.
Recto highlighted that the remaining funds must be released by December 19, or they will revert to the Treasury.
The proposed law aims to allow funds for national government agencies, local government units, and government financial institutions to remain valid for obligations beyond their original expiration.
The DBM would be directed by the proposed law to issue a new Advice of Allotment to reflect the extended validity of these funds.
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Senate Minority Leader Franklin Drilon proposed recalibrating the 2021 national budget as a more sensible approach than passing a third Bayanihan law for COVID-19 response funding.
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Malacañang considers proposals for a third Bayanihan law to be premature, pending an assessment of the 2021 national budget's sufficiency for disaster relief.
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