Trending Now
Ruling Against Ohio Scholarship Program Puts System Above...
Emergency Powers Are for Emergencies
NFA to resume corn procurement
11 renewable projects gain green-lane status in June
Offshore wind developers asked to disclose plans for...
ATEC launches Cabuyao semiconductor plant built for Taiwan’s...
Misdeclared shipments of onion, mackerel from China intercepted
PHL investment position minus $69.3B in Q1
Gov’t cash utilization rate hits 94% in May
PHL could benefit from shift away from US...
  • About Us
  • Contacts
  • Email Whitelisting
  • Privacy Policy
  • Terms and Conditions
DailyProfitTips.com
  • Editor’s Pick
  • Economy
  • Investing
  • Politics
  • World News
EconomyEditor's Pick

Calamity fund releases hit P2.39B

by June 9, 2025
June 9, 2025

THE Department of Budget and Management (DBM) has released P2.39 billion in calamity funds as of the end of May, mostly to support rehabilitation projects and to top up quick-response funds.

According to the DBM’s National Disaster Risk Reduction and Management Fund (NDRRMF) status update, P18.61 billion remains undisbursed.

The releases included P1.34 billion for the Department of Public Works and Highways (DPWH), P747.70 million for the Department of Social Welfare and Development (DSWD) and P303.20 million for the Department of National Defense (DND).

These were all charged against the NDRRMF fund, with no funds taken from the People’s Survival Fund.

The DBM said the DPWH’s request was to support the reconstruction of infrastructure in Tingloy, Batangas, damaged by Typhoon Carina last year.

The DSWD release replenished its 2025 Quick Response Fund (QRF).

The QRF is a stand-by emergency fund to support aid, relief, reconstruction, and rehabilitation in calamity-affected areas.

The DND release supplemented the Office of Civil Defense’s QRF.

May was the first month in which the calamity fund was tapped.

By May 2024, the releases had been P7.13 billion out of the P22.74 billion total.

The government weather service, known as PAGASA, estimates that between 11 and 19 storms are expected to enter the Philippine Area of Responsibility until November. — Aubrey Rose A. Inosante

previous post
CA rules for BCDA in John Hay Lodge case
next post
Satellite-aided crop insurance system to be piloted among 1,000 rice farmers

Related Posts

Ruling Against Ohio Scholarship Program Puts System Above...

July 1, 2025

Emergency Powers Are for Emergencies

July 1, 2025

NFA to resume corn procurement

July 1, 2025

11 renewable projects gain green-lane status in June

July 1, 2025

Offshore wind developers asked to disclose plans for...

July 1, 2025

ATEC launches Cabuyao semiconductor plant built for Taiwan’s...

July 1, 2025

Misdeclared shipments of onion, mackerel from China intercepted

July 1, 2025

PHL investment position minus $69.3B in Q1

July 1, 2025

Gov’t cash utilization rate hits 94% in May

July 1, 2025

PHL could benefit from shift away from US...

July 1, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    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!
    • About Us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2025 DailyProfitTips.com All Rights Reserved.

    DailyProfitTips.com
    • Editor’s Pick
    • Economy
    • Investing
    • Politics
    • World News