Rappler
Senate approves extension of funding under 2020 national budget, Bayanihan 2
The Senate approved on final reading measures to extend the availability of P148 billion in unspent funds under the 2020 national budget and Bayanihan 2.
Unspent funds from Bayanihan 2 amounting to P38 billion will be available until June 30, 2021.
An unspent P110 billion from the 2020 General Appropriations Act (GAA) will remain accessible until December 31, 2021.
These extensions are necessary because without them, the funds would have reverted to the National Treasury on December 19, 2020 for Bayanihan 2 and December 31, 2020 for the 2020 GAA.
The measures allow government agencies to utilize these funds, which would otherwise be lost due to the government's cash-based budgeting system, wherein allotments must be spent within the fiscal year.
Congress can authorize such extensions when justified by fortuitous events like the COVID-19 pandemic.
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Two congressional leaders proposed extending the validity of the Bayanihan to Recover as One Act (Bayanihan 2) until March or June 2021.
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The House of Representatives approved House Bill 8063 on final reading, extending the availability of funds under the Bayanihan to Recover As One Act (Bayanihan 2) until June 30, 2021.
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The House of Representatives approved on third and final reading House Bill 6656, extending the validity of the 2020 national budget until December 31, 2021.
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Senate Minority Leader Franklin Drilon supports the extension of the 2020 General Appropriations Act (GAA) and the Bayanihan to Recover as One Act into next year, but he expressed concerns about the government's funding capacity.
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Senate President Pro Tempore Ralph Recto has filed a proposed Bayanihan 3 bill, amounting to P485 billion, to aid in the Philippines' economic recovery from the COVID-19 pandemic and recent typhoons.
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