Fund releases for COVID reach P568B

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    The government’s fund releases for its coronavirus disease 2019 (COVID-19) response has reached P568 billion, data released by the Department of Budget and Management (DBM) showed.

    The DBM data posted on its website showed the amount accounts for total COVID-19 allotments to agencies as of Febr. 24, 2021.

    Of the amount, P386.14 billion was released under Bayanihan 1, DBM said.

    Meanwhile, P6.59 billion was released in the period between the implementation of Bayanihan 1 and 2, while P172 billion is under Bayanihan 2.

    DBM said P3.28 billion was also released post-Bayanihan 2.

    The three agencies that accounted for the largest shares are the departments of Social Welfare and Development with P217.42 billion, Finance with P146.09 billion and Health with P103.22 billion.

    The Department of Labor and Employment had a share of P28.98 billion; Department of Agriculture, P34.68 billion; Department of Education, P15.21 billion; Department of Transportation, P10.31 billion; Department of Public Works and Highways, P5.55 billion; Department of the Interior and Local Government, P5.79 billion; Department of National Defense, P5.63 billion; Commission on Higher Education, P3.3 billion; and Department of Trade and Industry, P1.3 billion.

    Other agencies include Department of Foreign Affairs (P825.09 million), Department of Science and Technology (P437.44 million), University of the Philippines-Philippine General Hospital (P415 million), Philippine Sports Commission (P180 million) and Office of the Presidential Adviser on the Peace Process (P50.5 million).

    In terms of funding source, P310 billion came from discontinued programs, activities and projects; P22.42 billion from the regular agency budget; P112.96 billion from special purpose funds; and P122.58 billion was certified by the Bureau of the Treasury as excess revenue collections and unutilized automatic appropriations.