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Philippines: Aquino seeks P39-B calamity fund

Source(s): Philstar.com, The Star Group of Publications
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President Aquino is proposing a calamity fund of almost P39 billion for next year, according to The Philippine Star. The amount is included in the proposed P3.002-trillion 2016 national budget.

The calamity fund, which has been renamed the National Disaster Risk Reduction and Management Fund (NDRRMF), has three components: P19 billion “for rehabilitation, relief and other calamity-related services,” P18.9 billion for the Yolanda Comprehensive Rehabilitation and Recovery Plan and P1 billion for the People’s Survival Fund.

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Document links last validated on: 16 July 2021

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Themes Recovery Insurance and risk transfer Economics of DRR Disaster risk management
Country and region Philippines

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