Gov’t fund releases for COVID-19 efforts hit P 476.B | Inquirer Business

Gov’t fund releases for COVID-19 efforts hit P 476.B

/ 04:08 AM November 11, 2020

With the money set aside under the Bayanihan to Recover as One Act trickling in to agencies implementing COVID-19 response, the Department of Budget and Management (DBM) released a total of P476.2 billion as of Nov. 9 to fight the pandemic.

The latest DBM data issued on Monday showed that releases under Bayanihan 2 rose to P82.5 billion from P77.9 billion a week ago.

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Of the cumulative releases since the onset of the COVID-19 quarantine, P386.1 billion was released under the earlier Bayanihan to Heal as One Act or Bayanihan 1, which had allowed realigning budget items into the COVID-19 warchest.

From March to June, P266.8 billion in Bayanihan 1 funds were sourced from discontinued programs, activities and projects under the 2020 national budget and 2019 continuing appropriations; P98.4 billion came from the special purpose fund (including calamity funds, contingent funds and unprogrammed appropriations), and P20.9 billion from regular agency budgets.

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When the Bayanihan 1 expired on June 24, the government sustained funding to fight COVID-19 with P7.6 billion released from the special purpose fund (P7.5 billion) and agency budgets (P86.1 million) until mid-September, or before the Bayanihan 2 took effect.

Between March and the first week of November, the Department of Social Welfare and Development (DSWD) was the recipient of the biggest COVID-19-related allotment releases at P217.4 billion. The DSWD had been tasked to give away dole-outs to poor families and displaced workers during the lockdown.

The Department of Finance received P99.6 billion; Department of Health, P73.2 billion; Department of Agriculture, P26.7 billion; Department of Labor and Employment, P25.7 billion; Department of Education, P10.9 billion; Department of Transportation, P9.5 billion; Department of Public Works and Highways, P4.7 billion; Department of the Interior and Local Government, P3.3 billion; Department of National Defense, P2.5 billion, and Department of Trade and Industry, P1.3 billion.

The Department of Foreign Affairs got P825.1 million; University of the Philippines-Philippine General Hospital (UP-PGH), P400 million; Philippine Sports Commission, P180 million; Department of Science and Technology, P53.2 million; and the Office of the Presidential Adviser on the Peace Process, P50.5 million. —Ben O. de Vera INQ

For more news about the novel coronavirus click here.
What you need to know about Coronavirus.
For more information on COVID-19, call the DOH Hotline: (02) 86517800 local 1149/1150.

The Inquirer Foundation supports our healthcare frontliners and is still accepting cash donations to be deposited at Banco de Oro (BDO) current account #007960018860 or donate through PayMaya using this link.

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TAGS: Business, COVID-19, Department of Budget and Management (DBM)
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