COVID-19 now costs P355-B

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CITY OF MALOLOS, Bulacan — The Department of Budget and Management (DMB) has estimated the three-month-old war against coronavirus diseases to be around P355 billion.

“Sa kabuuan, as of today, ang nagagastos na po ng national government para sa COVID-19 response ay umabot na ng P355,677,151,125,” DBM Secretary Wendel Avisado said in a televised briefing.

From the 12-digit figure, P247 billion came from pooled savings while P96 billion came from unprogrammed appropriations. “Of which out of that amount, P247,214,000,000 ay galing po sa pooled savings.

Ito po yung inipon natin na ni-realign base na rin sa kautusan ng Pangulo sa lahat ng mga kagawaran at departamento upang magamit sa COVID. Ang P96,717,000,000 ay sa unprogrammed appropriation,” he explained.

Congress gave the President additional powers to address the pandemic under the Bayanihan to Heal As One-Act.

Under the law, the President can “reprogram, reallocate and realign” any appropriation in the 2020 budget for government response against the coronavirus.

Source: Metro Sun

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