The government has released P61.28 billion or 85 percent of the stimulus package as it tries to catch up on its spending to spur economic growth in the fourth quarter, Budget chief Florencio Abad said on Tuesday.
Of the amount, P41.66 billion had been spent by line agencies and government-owned or -controlled corporations, Abad said.
Abad said government agencies are now working with the department to address the bottlenecks in fund utilization.
“The department is also keeping a close watch on the implementation of priority programs and projects by government agencies,” the budget chief said.
Abad said among the notable projects covered by the stimulus package are the following: P11 billion for the National Housing Authority; P970-million equity infusions for credit insurance and mortgage guaranty operation of the Home Guaranty Corporation and Trade and Investment Development Corporation of the Philippines; and P75 million for the establishment of a centralized credit information system.
Significant cash releases have also been given to Department of Health for the hiring of nurses and midwives, P2.75 billion support fund for local government units; and P331 million for the Department of Science and Technology for the purchase of three Doppler radars and the establishment of a National Meteorological and Climate Center.
President Benigno Aquino III has earlier vowed not to repeat this year’s underspending that resulted in nine months of dismal growth performance for the country. –Joyce Pangco Pañares, Manila Standard Today
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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