President Ferdinand R. Marcos Jr. has directed the immediate release of the PhP1.307 trillion programmed funds for the fourth quarter of the year. The Malacañang announcement on Thursday underscored that the allocation is principally aimed at bolstering disaster relief, recovery, and rehabilitation efforts for communities recently impacted by various calamities.
Presidential Communications Office (PCO) Undersecretary and Palace Press Officer Claire Castro confirmed the directive, emphasizing the goal of efficiently mobilizing government resources to help affected Filipinos rebuild their lives.
“President Ferdinand R. Marcos Jr. has ordered the release of the $\text{PhP}1.307$ trillion programmed budget for the fourth quarter of the year to address the urgent needs of our countrymen affected by disasters and support their immediate recovery and fresh start,” Castro stated in a Palace briefing.
Beyond immediate relief, President Marcos Jr. also instructed all government agencies to utilize the funds with the utmost integrity and effectiveness. This measure is intended not only to ensure accountability but also to stimulate economic growth and guarantee that every peso significantly contributes to the country’s sustained recovery and development.
Citing the Department of Budget and Management (DBM), Castro highlighted that a substantial portion of the budget is allocated to social services, ensuring that the benefits of government spending are widely felt across the population.
“The administration believes that proper use of public funds for essential sectors such as infrastructure, health, education, and direct subsidies generates greater economic activity, which, in turn, helps grow the economy and boosts both consumption and investment,” Castro explained. She added that the resulting increase in investor confidence stems from observing a rising demand for their products and services.
The President’s order reaffirms the administration’s unwavering commitment to improving the quality of life for all Filipinos while ensuring robust economic development. This strategic release of funds aligns with the overarching vision of a “Bagong Pilipinas” (New Philippines).
“President Marcos Jr. has tasked all government agencies to use the funds in an upright and effective manner to grow the nation’s economy,” Castro concluded.
