Recovery budget for ‘Yolanda’ projects at P130 billion – NEDA

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The National Economic and Development Authority (NEDA) said on Tuesday that after the P34-billion fund for the initial recovery and rehabilitation of the Super Typhoon Yolanda (Haiyan)-affected areas in Visayas, the budget for short-term and medium-term projects totaled to P130 billion.

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In a press briefing, Socioeconomic Planning Secretary Arsenio Balisacan said that the P130-billion combined budget for short term and medium term is included in the final reconstruction and rehabilitation plan drafted by NEDA.

In the total of P2.268-trillion approved national budget for 2014, the legislative branch set aside the P100 billion for the government projects for Yolanda-stricken areas as detailed in the final reconstruction plan

Balisacan, who is also the NEDA director general, said that the details of the recovery and rehabilitation plan of Yolanda would be revealed today before the briefing of the plan to international development partners, as the NEDA was tasked to present the plan.

Projects in need of additional funding other than the government budget would be funded by other sources from donors, bilaterals, multilaterals, organizations that is why the NEDA is required to present the plan to international partners to determine what projects would need additional funding.

The NEDA director general said that there are no “pledges” involved from international donors for specific projects, but he said that the briefing would only serve as a guide to these donors as to what steps are the government undertaking in the plan.

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