DBM to release ₱30-B in cash aid to LGUs

enablePagination: false
maxItemsPerPage: 10
totalITemsFound:
maxPaginationLinks: 10
maxPossiblePages:
startIndex:
endIndex:

Metro Manila (CNN Philippines, April 7) — The Department of Budget and Management is set to release ₱30.824 billion in cash aid to help local governments hit by economic shocks caused by the coronavirus disease outbreak, the Inter-Agency Task Force for the Management of Emerging Infectious Diseases said Tuesday.

May financial assistance na po para sa mga LGUs upang mabigyan sila ng tulong laban sa COVID-19. Ilalabas na ng Department of Budget and Management. Ito ang [It is the] Bayanihan Grant to Cities and Munipalities,” task force spokesperson Karlo Nograles said in a televised briefing.

[Translation: There is already financial assistance for LGUs to assist them in their battle against COVID-19. This will be released by the Department of Budget and Management.]

The ₱30.824 billion cash aid for LGUs, called as the Bayanihan Grant, will come from the allocation of the Department of Public Works and Highways in its infrastructure projects.

The amount is equivalent to one month of the LGUs’ annual share of income sourced from national taxes also known as internal revenue allotment or IRA.

IRA is around 40 percent of the “actual collections of national internal revenue taxes during the third fiscal year preceding the current year, as certified by the Bureau of Internal Revenue,” according to DBM.

The Department of Interior and Local Government said these additional funds are big help for the LGUs in their response to the COVID-19 crisis.

Magagamit nila ito sa pagbili ng PPE, pagsasaayos ng mga hospital at mga isolation facilities, at mga relief packs na ipamimigay,” said DILG Undersecretary Jonathan Malaya in an interview with CNN Philippines’ Ruth Cabal.

(Translation: They can use the additional funds to purchase PPE [personal protective equipment], renovate hospitals and isolation facilities, and distribute relief packs.)

The DBM said last week it released ₱100 billion pesos out of the total ₱200-billion-social amelioration program aimed at assisting 18 million families who are most financially affected by the COVID-19 crisis. The Department of Social Welfare and Development has begun releasing cash subsidy to LGUs on Friday.

On March 24, President Rodrigo Duterte signed the law declaring the existence of a national emergency. It also granted him additional powers to address the COVID-19 crisis, including realigning funds in the 2020 national budget.