P 1.8B in 2020 calamity funds expire

P 1.8B in 2020 calamity funds expire

1/18/2022 6:52:00 AM

P 1.8B in 2020 calamity funds expire

A total of P1.8 billion in calamity funds set aside in the 2020 budget expired in 2021, with allocations for victims of a 2019 earthquake and the 2017 Marawi siege unspent.

Unreleased, hence unspent, budgets included P1.79 billion in the comprehensive aid to repair earthquake damage (Cared) fund. It had been allocated for the Davao and Soccsksargen regions flattened by strong quakes in 2019. Last year, P2.89 billion out of the P4.69-billion Cared funds were released to implementing agencies.

The 2020 Marawi recovery, rehabilitation and reconstruction program also left P2.17 million in funds unspent out of the P8.19 million, which spilled over to 2021.To recall, the validity of the P4.51-trillion 2020 national budget had been extended until Dec. 31 of last year. As such, the funds unreleased from the 2020 calamity funds already reverted to the national treasury.

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