Speaking to reporters, Diokno said an initial rehabilitation fund of P5 billion would be sourced from the contingent fund and other funds being held by different government agencies. So that’s this year, 2017.”According to Diokno, the P5 billion initial fund this year will most likely be doubled next. “In 2018, there’s a P10 billion already set aside for the Marawi recovery and rehabilitation programs. So next year, the entry fund, that’s the Disaster Risk Reduction and Management fund, we’ll have a P25.5 billion allocation for 2018. Based on the 2017 national budget, the government has a contingent fund of P5.5 billion and a calamity fund of P37.255 billion.

Source: Manila Times July 14, 2017 04:30 UTC