Abad: New P13.4-B fund to bolster economy and infra development
MANILA, 10 January (DBM) -- The Department of Budget and Management (DBM) today announced that 96 percent or P69.3 billion of the P72.11 billion Disbursement Acceleration Plan (DAP) has successfully been released to agencies and government-owned or -controlled corporations (GOCCs) as of end-December 2011.
Budget and Management Secretary Florencio B. Abad said that of the total amount, P53.8 billion or 77.5 percent was already disbursed by agencies and GOCCs beginning October 12, when the President approved the DAP.
"We released about P8 billion from December 6 to 29 alone to agencies and GOCCs to ramp up spending. The DAP contributed immensely to the government's increased spending in the last months of the year, allowing agencies to quickly implement programs and projects aligned with the Aquino Social Contract to the Filipino People," Abad said.
He also confirmed that President Benigno S. Aquino III has augmented the DAP with an additional P13.4 billion, bringing the total available releases to P85.5 billion. The added funds will help scale up government spending and strengthen the national economy for fiscal year 2012.
The additional fund was sourced from the pooled savings of the 2011 General Appropriations Act (GAA) that corresponded to completed or discontinued projects under certain departments or agencies.
"The amount is targeted to provide new activities which have not been anticipated during the preparation of the budget, as well as to augment additional requirements for on-going priority projects. It will also provide for deficiencies under the Special Purpose Fund, including the Calamity Fund and Contingent Fund, and augment the much-reduced internal revenue allocations for local government units," Abad said.
As of end-December 29, allotment releases for the P13.4-billion additional funding have also amounted to P11.0 billion, with P7.6 billion or 68 percent in actual disbursements.
Meanwhile, of the original P72.11 billion DAP, cash releases by the end of December amounted to P58.0 billion, with actual disbursements of P53.8 billion.
|Table 1: Disbursement Acceleration Plan Status as of end December 2011 (in P billion)|
|Particulars||Special Allotment Release Order||Notice of Cash Allocation||Actual Disbursement|
|P72.11 billion (first approval)||P69.35||P58.0||P53.80|
|P13.4 billion (second approval)||P11.09||P6.85||P7.55|
Furthermore, actual disbursements under the P72.11-billion first approved DAP grew by about P12.14 billion to P53.80 billion as of end-December, as compared to the December 6, 2011 status of 41.66 billion. 100 percent of allocations for GOCCs were also released and disbursed by their respective agencies.
|Table 2: Breakdown of Releases of P72.11-B DAP to GOCCs and NGAs/LGUs (in P billion)|
|Particulars||Required Amount||SAROs Released||NCAs Released||Disbursements|
|Note: 1) The difference between SAROs and NCAs released to GOCCs worth P7.932 billion represents cash requirements for CARP landowners' compensation, which does not require SAROs.|
Notable projects for the additional P13.4 billion include the P1.6-billion nationwide Disaster Risk, Exposure, Assessment and Mitigation (DREAM) program of the Department of Science and Technology, the P450-million Jalaur River Multipurpose Project of the Department of Agriculture, as well as the additional P4.28-billion budget for state universities and colleges (SUCs) under the Commission on Higher Education (CHED).
|New Projects Under the P13.4 billion DAP|
|DOST||Nationwide Disaster Risk, Exposure, Assessment and Mitigation (DREAM)||P1.6 billion|
|DA-NIA||Jalaur River Multipurpose Project||P450 million|
|MMDA||Solid Waste Disposal Project||P230 million|
|Urban Renewal, Traffic Management, Flood Control (Phase I)||P154.403 million|
|Priority Flood Control Projects||P295.571 million|
|DPWH||Various infrastructure projects||P159.917 million|
|DILG||Special capacity building project for people's and non-government organizations (Pos/NGOs)||P43.323 million|
|LGUs||Other various local projects||P1.88 billion|
|BOC||IT infrastructure maintenance project||P192.64 million|
|DPWH||Payment of right of way claims nationwide||P719.02 million|
|Incentives of personnel affected by the rationalization program||P2.286 billion|
|PNP||Additional funds for MOOE of PNP Regional Offices/PNP stations||P115.55 million|
|CHED||Additional budget for SUCs:|
a) Institutional capacity building of leading state universities
b) Grants-in-Aid program for poverty alleviation
c) Modernizing HE facilities
|LLDA||Infrastructure upgrade and development program||P270 million|
|DOST||Establishment of the Advanced Failure Analysis Laboratory||P300 million|
|DAP||Harmonization of National Government Performance Monitoring and Reporting Systems||P5 million|
|PSG||Malacañang Security and Communication Plan||P248.327 million|
|DPWH||Permanent Maguiling Bridge Project||P145 million|
|GRAND TOTAL|| ||P13,379 billion|
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