Department of Budget and Management admits receiving only ₱500 million so far out of the ₱23.8 billion Yolanda aid pledged by foreign dono
Rain Castro of InterAksyon.com reports that "the government has yet to receive bulk of the cash pledges made by foreign donors" to help rebuild the areas devastated by typhoon Yolanda last November.
According to the report, data from the Foreign Aid Transparency Hub (FAiTH) showed the pledges received by the government after the typhoon amounted to P23.798 billion, "of which P20.998 billion were in kind and the remaining P2.8 billion in cash." As of December 18, however, only P500 million in cash and material donations have been remitted to the government through the Department of Foreign Affairs and the Bureau of Treasury.
While Department of Budget and Management (DBM) Secretary Florencio Abad admitted there's a "big disparity" between the amount pledged by international donors and what's remitted to the government, he explained that the aid given by some foreign institutions might be unavailable at present because the funding measures for the pledges can only be done at the start of their new fiscal years.
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