Gov't allocates funds, extends aid for Kristine-hit areas

The government has funds ready to finance relief and rehabilitation for areas affected by Severe Tropical Storm Kristine, according to Finance Secretary Ralph Recto.

Recto assured that there are sufficient funds available under the National Disaster Risk Reduction and Management Fund (NDRRMF) and Quick Response Fund (QRF) as part of the General Appropriations Act of 2024.

Additional resources such as unprogrammed funds, a USD 500 million standby credit line, and World Bank emergency response components are also available to support disaster relief operations.

The Bureau of Internal Revenue has extended payment deadlines until October 31, 2024, for those severely affected by the typhoon, while the Bureau of Customs is assessing forfeited goods for donation to victims.

In addition, the Social Security System and Government Service Insurance System are extending financial assistance through calamity loans, and Land Bank of the Philippines is facilitating quick access to salary loans for government employees.