Metro Manila (CNN Philippines, August 3) — The Department of Budget and Management (DBM) on Thursday said the proposed 2024 national budget has allocated ₱216 billion for flood management projects amid recent flooding due to Super Typhoon Egay and the enhanced southwest monsoon, or habagat.
Under the proposed budget, this sum will be used for the flagship flood and management program of the Department of Public Works and Highways (DPWH).On top of this, there are also foreign-assisted projects under Korea — KOICA or Korean Exim Bank — these two projects are the Pampanga Integrated Disaster and Risk Resiliency Project and there’s one more, ‘yong Bulacan-Angat Water Transmission Project,” Budget Secretary Amenah Pangandaman said in a news briefing.She also noted that because these are loans, only the government counterpart is funded — ₱1.397 billion for the project in Pampanga and ₱7.4 billion for the other one in Bulacan.The Metropolitan Manila Development Authority was also allocated ₱1.3 billion for flood control projects in Metro Manila, said Pangandaman.The DBM formally submitted the proposed ₱5.768-trillion budget to the House of Representatives on Wednesday.
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