Government sets recovery funds after ‘Carina’

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The story "Government sets recovery funds after ‘Carina’" was covered 12 hours ago by Business Mirror, a news publisher based in Philippines.

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Government sets recovery funds after ‘Carina’ - Business Mirror

Quick Summary:

PRESIDENT Ferdinand R.Marcos Jr.on Thursday announced that the national government is ready to release funds to hasten the recovery of regions in Luzon that were battered by heavy rains, as the budget department reported that P11.1 billion remained in the National Disaster Risk Reduction and Management Fund (NDRRMF) for disaster relief operations.

The calamity funds include the P2.236-billion carryover from last year’s budget that can be used for various disaster relief operations until the end of 2024.

Meanwhile, in the aftermath of Wednesday’s massive flooding that paralyzed the National Capital Region and impacted key regions in Luzon, focus was again shifted to the nearly half a trillion in flood-control funds that, lawmakers said, had seemed to have been misspent.