DBM resubmits adjusted supplemental budget

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The Department of Budget and Management (DBM) has resubmitted an updated proposed supplemental appropriation for 2014 to the House of Representatives following consultations with lawmakers.

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In a statement on Tuesday, the Budget agency said that the updated proposed supplemental appropriation now amounts to P22.47 billion, lower by P870 million from the original P23.34 billion proposed on November 19.

The DBM said the supplemental budget will provide appropriations for urgent and important projects that are not funded under the 2014 national budget, as well as ensure sufficient support for crucial development initiatives like the post-Yolanda rehabilitation.

The agency explained that the proposed P22.47-billion supplemental budget will still mainly support priority initiatives, with the massive Yolanda reconstruction and rehabilitation program getting the bulk of allocations with P9.50 billion.

The supplemental budget will also augment the 2014 E-Government Fund for the Enterprise Information Systems Plan of the Supreme Court with an allocation of P715 million, it added.

The DBM said that the Department of Public Works and Highways will be able to carry the funding requirements within its current budget for key infrastructure projects to help the Philippines prepare for hosting the Asia-Pacific Economic Cooperation Summit next year and to help ensure 100-percent rehabilitation and installation of national bridges by the end of 2015.

The agency stressed that, as such, appropriation for these projects will not be included in the proposed supplemental budget.

“We are always open to recommendations made by Congress. As such, we have made adjustments in the proposed supplemental budget to reflect the inputs suggested by the House of Representatives,” Budget Secretary Florencio Abad said.

“Even with available funds from the National Treasury to finish these projects, the supplemental budget will need the proper legislation in compliance with the law. That is why we urge Congress for the timely passage of this budget so that we can allocate funds accordingly and complete these projects as soon as possible,” he added. MAYVELIN U. CARABALLO

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