Presidential Communications Secretary Herminio Coloma Jr. has confirmed that President Benigno Aquino III has certified as urgent the more than 23 Billion pesos supplemental budget for 2015.
According to Secretary Coloma, the supplemental budget that was submitted recently by the Department of Budget and Management in Congress is important for the coming APEC Summit and the construction of projects by the DPWH in areas devastated by typhoon Yolanda in Eastern Visayas.
The breakdown of the said funds will be as follows:
16.4 Billion pesos for Yolanda reconstruction and APEC Summit
1.85 Billion pesos for the DPWH’s obligation to contractors
5 Million pesos for the projects that will be implemented next year
Meanwhile, Malacanang has yet to identify how much the Papal visit for next year will cost.
Coloma stated that continuous talks is happening with concerned agencies in preparation for the coming of Pope Francis in January 2015.