DBM chief assures gov’t can fund cash aid program

Budget Secretary Wendel Avisado assures the nation that the government can fund the cash aid program.

- The Department of Budget and Management has assured the nation that the government can fund the COVID-19 social amelioration program.

The DSWD earlier said it will finish distributing cash aid to qualified recipients by the end of April. "That’s reprogramming, reallocation and realignment of existing budgets and use of income from dividends remitted by government-owned and controlled corporations," Avisado said. The Asian Development Bank approved on Monday a fresh $200 million, about ₱10 billion, loan to assist the government's COVID-19 response. The new loan is an addition to the $1.5 billion, about ₱76 billion, loan it earlier approved.When asked how the government will use the additional funds, Avisado said it is still being discussed by the Economic Development Cluster .

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