DBM releases revenue allotment of Albay as Mayon continues to rumble - News Summed Up

DBM releases revenue allotment of Albay as Mayon continues to rumble


The Department of Budget and Management (DBM) has released the internal revenue allotment (IRA) of Albay as the province continues to deal with the wrath of Mount Mayon. Diokno said the funds would be downloaded simultaneously to all LGUs but priority was given to Albay. ADVERTISEMENT“However, given the situation in Albay, we made a request to the Bureau of the Treasury to expedite the downloading of funds to Albay,” he said. As of Jan. 23, 2018, the DBM said Albay had incurred expenses totaling P21.2 million due to the calamity. The DBM said national government agencies (NGAs) continued to monitor the situation in Albay and to provide relief and assistance.


Source: Philippine Daily Inquirer January 24, 2018 11:35 UTC



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