{"id":251434,"date":"2020-04-07T00:43:45","date_gmt":"2020-04-07T04:43:45","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=251434"},"modified":"2020-04-07T00:43:45","modified_gmt":"2020-04-07T04:43:45","slug":"dbm-to-release-fund-assistance-to-lgus-for-covid-19-relief","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/04\/07\/dbm-to-release-fund-assistance-to-lgus-for-covid-19-relief\/","title":{"rendered":"DBM to release fund assistance to LGUs for Covid-19 relief"},"content":{"rendered":"<figure id=\"attachment_251444\" aria-describedby=\"caption-attachment-251444\" style=\"width: 1350px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/04\/ph-202020406-ACE-11.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-251444\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/04\/ph-202020406-ACE-11.jpg\" alt=\"\" width=\"1350\" height=\"900\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/04\/ph-202020406-ACE-11.jpg 1350w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/04\/ph-202020406-ACE-11-300x200.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/04\/ph-202020406-ACE-11-768x512.jpg 768w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/04\/ph-202020406-ACE-11-1024x683.jpg 1024w\" sizes=\"auto, (max-width: 1350px) 100vw, 1350px\" \/><\/a><figcaption id=\"caption-attachment-251444\" class=\"wp-caption-text\">President Rodrigo Roa Duterte updates the nation on the government&#8217;s efforts in addressing the coronavirus disease (COVID-19) at the Malago Clubhouse in Malaca\u00f1ang on April 6, 2020. ACE MORANDANTE\/PRESIDENTIAL PHOTO<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0&#8212; The Department of Budget and Management (DBM) is expected to release funding assistance to cities and municipalities to help their relief and response efforts against the coronavirus disease 2019 (Covid-19).<\/p>\n<p>According to President Rodrigo Duterte\u2019s second weekly report submitted to Congress, the \u201cBayanihan Grant to Cities and Municipalities\u201d provides financial aid equivalent to one month of a local government unit\u2019s (LGU) internal revenue allotment, totaling PHP30.824 billion.<\/p>\n<p>Duterte also noted that the Land Bank of the Philippines (LBP) has launched a lending program for LGUs to fund the procurement of essential goods and services amid the coronavirus pandemic.<\/p>\n<p>\u201cThe LBP also recently launched the PHP10 Billion Help via Emergency Loan Assistance for LGUs (HEAL) Lending Program for provincial, city, and municipal governments for emergency funding in the purchase of goods and procurement of services,\u201d Duterte said in his report.<\/p>\n<p>\u201cLoans will have an affordable fixed interest rate of 5 percent per annum, payable up to a maximum of five years, with a one-year grace period on principal payment,\u201d he added.<\/p>\n<p>Under the Bayanihan to Heal as One law, the executive branch is required to submit a report to Congress every Monday on how Duterte&#8217;s special powers are used.<\/p>\n<p>The report must include the amount and corresponding utilization of funds used, augmented, reprogrammed, reallocated, and realigned.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; The Department of Budget and Management (DBM) is expected to release funding assistance to cities and municipalities to help &hellip;<\/p>\n","protected":false},"author":33,"featured_media":251444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1145,16,95],"tags":[],"class_list":["post-251434","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headline","category-news","category-news-ph","mauthors-filane-mikee-cervantes","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/251434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=251434"}],"version-history":[{"count":2,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/251434\/revisions"}],"predecessor-version":[{"id":251446,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/251434\/revisions\/251446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/251444"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=251434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=251434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=251434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}