Thursday, 22 December 2011 14:21
President Benigno S. Aquino III announced on Tuesday here that the government is ready to release P1.17-billion for the victims of typhoon “Sendong” that battered Northern Mindanao and parts of the Visayas region last week.
The President made the announcement while he was briefed by local government officials of Negros Oriental led by Governor Roel Degamo on the destruction wrought by Sendong to his province at the Dumaguete City airport.
The President said the fund would be distributed to the provinces worst hit by the typhoon.
“We have P1.17-billion in the Calamity Fund but there are several areas that will be drawing on that: Cagayan de Oro, Iligan, your province, portions of Iloilo and also a portion of Ilocos Norte (that was hit by the North Easterly monsoon),” the President said.
“We will pare down what you exactly need at this point in time. We’ll discuss it with you and then we will draw on that fund,” he added.
The President told the local officials to present their various requests in a formal letter so that the release of the funds can be “fast tracked.”
“So as soon as we get back to Manila, I will talk to Budget Secretary Butch Abad to see if we can fast track this,” the President said.
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