DBM disbursed P13.538 billion in calamity funds in first 7 months of 2024

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DBM disbursed P13.538 billion in calamity funds in first 7 months of 2024 - Business Mirror

Quick Summary:

Meanwhile, to bankroll the rehabilitation of different projects in the Mountain Province, implement programs and projects under the Crop and Fishery Recovery Program in Batangas and procurement of rescue equipment in Camiguin, a total of P255.504 million was released to DOF and the Bureau of the Treasury (BTr).About P49.936 million was also disbursed to NHA to cover the national government’s subsidy to construct the Villaviciosa Resettlement Project after the magnitude 7.0 Northwestern Luzon Earthquake in 2022.

Calamity funds released to various government agencies increased to P13.538 billion as of July 2024, according to the Department of Budget and Management (DBM).

Agencies may only access the calamity funds under the FY 2024 General Appropriations Act (GAA) upon completion of damage assessment and recommendation by the National Disaster Risk Reduction and Management Council (NDRRMC) and the approval of the President.