• World News
  • Politics
  • Economy
  • Stock
  • Editor’s Pick
Global Trading Markets
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
Satellite-aided crop insurance system to be piloted among 1,000 rice farmers
next post
IEMOP budget request under review by ERC

You may also like

IEMOP budget request under review by ERC

June 9, 2025

CA rules for BCDA in John Hay Lodge...

June 9, 2025

PHL getting $500M from ADB to improve resiliency...

June 9, 2025

Satellite-aided crop insurance system to be piloted among...

June 9, 2025

RoW law amendments deemed critical for PHL competitiveness

June 9, 2025

Restrictions imposed on movement of sugar planting materials...

June 9, 2025

PHL urged to raise education spending, build infrastructure...

June 9, 2025

Peso needs to be ‘more competitive’ — ANZ

June 9, 2025

Airline growth seen driven by decline in fuel...

June 9, 2025

Transforming consumer products and retail with AI

June 8, 2025

    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.

    Recent Posts

    • Limited Time: The “Best Deal” On MyPillow’s Giza Dream Sheets – Any Size, Any Color Just $49.98

      June 9, 2025
    • Liberal Mask Hypocrisy: Why ICE Agents Don’t Need Permission to Protect Themselves From ‘Terrorist’ Labels

      June 9, 2025
    • BREAKING: 500 US Marines Mobilized in Response to Violent Anti-ICE Riots in Downtown Los Angeles

      June 9, 2025
    • Trump Issues New Warning to Insurrectionists: “IF THEY SPIT, WE WILL HIT and I Promise You They Will be Hit Harder Than They Have Ever Been Hit Before” (VIDEO)

      June 9, 2025
    • California Sheriff Slams Kamala Harris for ‘Embarrassing’ Effort to Blame President Trump for Leftist Violence

      June 9, 2025
    Footer Logo
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 GlobalTradingMarkets.com All Rights Reserved.

    Global Trading Markets
    • World News
    • Politics
    • Economy
    • Stock
    • Editor’s Pick