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!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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