5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Calamity fund release hits P18B

by
October 9, 2024
in Stock
0
Calamity fund release hits P18B

CALAMITY FUNDS worth P18.81 billion have been released as of end-September to repair typhoon damages, the Department of Budget and Management (DBM) said.

According to its National Disaster Risk Reduction and Management Fund (NDRRMF) status update, P18.29 billion has been released to state agencies, while P520.14 million was allocated to government-owned and -controlled corporations (GOCCs).

Of the total, P11.09 billion was disbursed to the Department of Public Works and Highways (DPWH), while the Department of Social Welfare and Development (DSWD) received P6.39 billion.

Under the fund release, P374.97 million was given to the Department of Human Settlements and Urban Development, P343 million to the Department of Finance, and P100 million to the Department of National Defense.

For GOCCs, P450 million was allocated to the National Irrigation Authority, P49.94 million to the National Housing Authority, and P20.2 million to the Local Water Utilities Administration (LWUA).

The DBM also said that P1 billion and P875 million were released to the DPWH and the DSWD to replenish their respective Quick Response Funds (QRFs).

The QRF is a standby fund to support relief and rehabilitation efforts during calamities. If a government agency’s QRF has reached below 50%, it may request the DBM for replenishment.

In September, P255.27 was released to the DPWH for typhoon damage repairs in Ilocos Sur. Likewise, the LWUA received P20.2 million to help rehabilitate water facilities at the Cagayan Region.

The DBM has yet to release P3.92 billion out of this year’s P22.74-billion NDRRMF budget. — Beatriz Marie D. Cruz

Previous Post

P111M worth of drugs seized

Next Post

Junking of case vs Marcoses scored

Next Post
Junking of case vs Marcoses scored

Junking of case vs Marcoses scored

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Hived raises $42m to roll out electric delivery fleet across southern England

    Hived raises $42m to roll out electric delivery fleet across southern England

    July 5, 2025
    Tesla sees UK sales rebound in June as EV market accelerates

    Tesla sees UK sales rebound in June as EV market accelerates

    July 5, 2025
    ‘Invest in Women’ fund criticised for slow rollout as MPs call for bolder action

    ‘Invest in Women’ fund criticised for slow rollout as MPs call for bolder action

    July 5, 2025
    “A turning point for education”: James Caan launches bold education reform plan in House of Lords

    “A turning point for education”: James Caan launches bold education reform plan in House of Lords

    July 5, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.