Filtered By: Money

DBM releases P827M to agencies for QRF replenishment

The Department of Budget and Management (DBM) has released a total of P827.18 million to frontline agencies for the replenishment of their respective Quick Response Fund (QRF) following the onslaught of Typhoon Odette.

In a statement, the DBM said the amount was allocated to these frontline agencies: the Office of Civil Defense (P139.68 million); the Philippine National Police (P25 million); and the Department of Social Welfare and Development (P662.5 million). 

“The total funding requirement was charged from the National Disaster Risk Reduction and Management Fund, or commonly known as ‘calamity fund’,” the Budget department said.

“This can be used for aid, relief and rehabilitation services for communities affected by natural calamities, among others,” it added.

The QRF is a built-in standby fund in selected agencies which can be tapped to immediately address the adverse effects and damages brought about by catastrophes and crises.

When the QRF gets depleted, the concerned agencies may request for augmentation of funds to the DBM through a special budget request and subject to the approval of the Office of the President.

Overall, the DBM has released P2.83 billion as of December 27 to both national and local governments to fund their respective programs and projects intended to assist areas affected by the typhoon. — VBL, GMA News