The Department of Budget and Management (DBM) released an additional P1.0 billion to local government units (LGUs) in Region IV-B (P84.38 million), Region VI (P248.35 million), Region VII (P202.66 million), Region VIII (P115.43 million), Region X (P84.37 million) and Region XIII (264.81 million) to aid them in addressing the damages caused by Typhoon Odette.
The allocations for the respective regions were computed based on the number of affected households and on the proportionate amount of damages incurred by Typhoon Odette on the region’s infrastructure and agricultural sectors, as recently reported by the Department of Social Welfare and Development:
(in million pesos)
|Region||Allotment Released on December 24, 2021||Allotment Released on December 27, 2021||LGU TOTAL|
*Numbers may not add-up due to rounding off
The total funding requirement was also charged from the FY 2021 Contingent Fund and shall similarly be downloaded to the respective authorized government servicing banks of the LGUs by the Bureau of the Treasury.
Overall, the Department has released P2.0 billion to assist our hard-stricken LGUs and shall issue a Local Budget Circular to provide guidelines on the release and use of the financial assistance.
Telephone: (+632)-657-3300 local 3315