Recto hits shortfall in spending after only half of P165.5B Bayanihan 2 budget was released

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MANILA, Philippines — Only P82.4 billion or nearly half of the total funding under the Bayanihan to Recover as One Act has so far been released, an amount one senator said shows a “shortfall” in government spending.

Senate President Pro Tempore Ralph Recto pointed out during his interpellation of the proposed P4.5 trillion national budget for 2021, sponsored by Senator Sonny Angara, who is also chair of the Senate finance committee, that the amount released is only below half of the total 165.5 billion allotted for the program.

“So far, only P82.4 [billion] has approximately been released as of today,” said Angara.

“So even with regards to Bayanihan 2, there’s still a shor…

Keep on reading: Recto hits shortfall in spending after only half of P165.5B Bayanihan 2 budget was released

The Philippine Daily Inquirer, popularly known as the Inquirer, is an English-language newspaper in the Philippines. Founded in 1985, it is often regarded as the Philippines' newspaper of record.

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