MANILA, Philippines — The Department of Budget and Management (DBM) has assured the public that there are sufficient funds for the government’s response to the coronavirus disease (COVID-19) pandemic.
In a statement released on Tuesday (April 4), the DBM said “sufficient funds are made available to Departments and Agencies for programs and projects in response to the COVID-19 pandemic.”
The DBM added that aside from the regular appropriations that each agency is getting under the Fiscal Year (FY) 2021 General Appropriations Act (GAA) and the continuing FY 2020 GAA, “the total amount of P189.442-billion in allotments pursuant to the Bayanihan to Recover as One Act (Bayanihan II) may still be utilized until June 30, 2021.”
“This is also on top of the P60.605-billion additional allotments released to the Department of Health for foreign-assisted projects, particularly on the procurement of vaccines and other essential equipment and supplies,” it added.
The advisory further said that the National Disaster Risk Reduction and Management Fund will be tapped for other COVID-19 pandemic measures that may not be covered by all available funding sources.
Details of all these releases are uploaded on the DBM website for the information and reference of all concerned, the agency said.
The DBM assures that it is committed to fulfilling its mandate “of promoting the efficient and effective management of the national budget to support its budget priorities while also ensuring that the needs of the Filipino people, especially during challenging times such as this, are met.”