What we know so far: Funding the fight vs the coronavirus

mostly for medical supplies; and fast-tracked a $100-million loan from World Bank for health services.

There are 3 laws that give the President the legal cover to identify funding to fight the pandemic: RA 11469 or the Bayanihan to Heal as One Act, the 2020 General Appropriations Act, and RA 11464 whichTo put it in perspective, there are existing allocations under the 2019 and 2020 budgets that can be used for the coronavirus, which can be augmented as needed, as allowed by the special budget powers under the Bayanihan law.

But just before you get to the cashier, your mother sent you an SMS, asking you to take out the chips, and instead use the money supposedly for that to buy more medicine. That's how Section 4 works, to put it simply.The President has the power to tap into allotments that are unobligated or not yet committed for payment under the executive and GOCCs.

The total amount included P4.209 billion from the Budgetary Support to Government Corporations under the lump-sum special purpose funds. The rest included items that were placed under"For Later Release" , or the congressional insertions in the 2020 budget, which were flagged by Senator Panfilo Lacson in December 2019.

According to the second report, the Land Bank of the Philippines has also remitted to the BTr a total of P22.03 billion worth of cash from the following:P4.4 billion total unused balance from Letter of Credit procured by the DOH and the Armed Forces of the Philippines. It refers to unspent loans by these agencies.Section 4 - Reallocating savings in the executive branch under the 2020 budget.

Section 4 includes the dividends remitted in advance to the BTr by the GOCCs. Republic Act 7656 requires GOCCs to remit at least half of their annual income as dividends in the form of either cash, stock, or property to the national government.Several GOCCs had already remitted their dividends, in advance. As of April 1, the Department of Finance has already collected P78.64 billion from 12 GOCCs.

These amounts, of course, do not include the regular operating expenses of public hospitals and salaries of government personnel. The DOH, including the Philippine Health Insurance Corporation, has a combined budget of P165.92 billion in 2019, and P172.37 billion in 2020.

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