The Department of Budget and Management (DBM) has put aside over half-a-trillion pesos beneath the proposed P5.768-trillion 2024 National Expenditure Program (NEP) for packages and tasks geared toward addressing the influence of local weather change.
In a press release, the DBM stated it put aside P543.45 billion beneath subsequent yr’s spending program “to mitigate the repercussions of severe weather patterns, such as intense typhoons and worsening floods, within the Philippines.”
The quantity, which constitutes 9.4% of the whole proposed finances, can be used for local weather change mitigation and adaptation methods. The allocation additionally surpasses the anticipated 8% contribution stipulated within the Philippine Development Plan for addressing impacts of local weather change.
“Recognizing its fundamental importance, the bulk of climate change expenditures will be allocated for water sufficiency projects with P294.46 billion to benefit communities all over the country,” stated Budget Secretary Amenah Pangandaman.
Likewise, in his 2024 Budget Message, President Ferdinand Marcos Jr. underscored the administration’s efforts in tackling local weather change.
“With global temperatures reaching record highs, with floods and droughts that displace millions, we have made future-proofing a top priority of this administration to address climate change. In fact, for Fiscal Year (FY) 2023, the allocation for this purpose was increased by over 60% to P464.5 billion. For FY 2024, this has been increased even further to reach P543.4 billion. Of this amount, P168.6 billion will be allotted for mitigation, while P374.9 billion will be for climate adaptation,” stated the President.
The DBM stated the federal government prioritizes adaptation measures as a result of nation’s vulnerability to the impacts of local weather change.
The company stated this was outlined within the National Climate Change Action Plan (NCCAP).
In specific, the DBM stated the NCCAP’s listing of strategic precedence areas consists of the next:
- Water Sufficiency (streamlining of water governance construction, enhancing sanitation in infrastructures), P294.46 billion
- Sustainable Energy (promotion and enlargement of power effectivity and conservation, improvement of sustainable and renewable power and transport), P180.72 billion
- Food Security (climate-resilient crop and livestock manufacturing methods and applied sciences, early warning methods), P40.18 billion
- Knowledge and Capacity Development, 12.97 billion
- Climate Smart Industries and Services, P6.02 billion
- Ecosystem and Environmental Stability, P5.95 billion
- Human Security, P2.58 billion
- Cross-Cutting, P550 million
Climate Change Expenditure Tagging
The DBM, in the meantime, stated it has institutionalized Climate Change Expenditure Tagging (CCET) along with the Climate Change Commission (CCC).
The CCET) supplies pointers for monitoring and reporting authorities companies’ climate-related budgets and has been serving to authorities companies and native authorities items (LGUs) plan their respective climate-and-disaster responsive budgets.
The Budget Department has additionally adopted the Program Convergence Budgeting (PCB) into the allocation course of.
The PCB is a budgeting method that makes use of authorities assets for key packages and tasks in coordination with connected departments and companies.
It stated that considered one of PCB’s undertakings is the Risk Resiliency Program (RRP) which goals to bolster the federal government’s disaster administration and adaptive capabilities.
The PCB has a proposed finances of P424 billion and is predicted to adapt to and mitigate the damaging results of local weather change and disasters within the nation.
The DBM stated the Department of Public Works and Highways (DPWH)—which can obtain the best local weather change expenditure finances at P308.08 billion—can even get P215.643 billion for flood administration, which incorporates the development, rehabilitation, and upkeep of varied flood mitigation and management buildings, in addition to for water provide/septage and rainwater assortment infrastructure.
“Under the DPWH project, there’s a flagship project called Flood Management Program. This year, we have a budget of P185 billion, and for 2024, we proposed P215.643 billion,” Secretary Pangandaman stated, including that two different tasks will probably be supported by a mortgage from Korea Eximbank, the credit score company of South Korea.
Other proposed allocations embrace P1.397 billion for the Pampanga Integrated Disaster and Risk Resiliency Project; P7.4 billion for the Bulacan Angat Water Transmission Project; and over P1 billion for the Metropolitan Manila Development Authority’s (MMDA) flood management initiatives.
Quick Response Fund
The DBM added {that a} separate P7.425 billion allocation for the Quick Response Fund (QRF) will go to “first-responder agencies” throughout calamities and disasters equivalent to typhoons, earthquakes, and fires, specifically:
- Department of Education (DepEd), P3 billion
- Department of Social Welfare and Development (DSWD), 1.250 billion
- DPWH, P1 billion
- Department of Agriculture (DA), P1 billion
- Department of National Defense (DND), P500 million
- Department of Health (DOH), P500 million
- Department of Transportation-Philippine Coast Guard (DOTr-PCG), P75 million
- Department of Interior and Local Government-Bureau of Fire (DILG-BFP), P50 million
- DILG- Philippine National Police (DILG-PNP), P50 million
Under the legislation, as soon as their QRF dips to 50% or much less, the DBM stated the companies could request the Budget Department, topic to the President’s approval, for a replenishment through the National Disaster Risk Reduction and Management Fund (NDRRMF), which has an allotment of P31 billion.
Aside from the aforementioned funds, there’s additionally the Local Government Support Fund (LGSF).
Under Republic Act (RA) No. 11936, Special Provision No. 1 of the LGSF within the FY 2023 General Appropriations Act (GAA), supplies the quantity of P1,925,500,000 for monetary help to LGUs and P7,236,336,000 as help for Capital Outlays and Social Programs to LGUs. — RSJ, GMA Integrated News
Source: www.gmanetwork.com
