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Dumaguete City, PhilippinesMonday, October 10, 2011
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‘Enough fiscal space'
for typhoon damages

MANILA - The Philippine government has enough fiscal space to address concerns about calamity funds, with the extent of the damage to agriculture products and infrastructure caused by the twin typhoons that hit Central Luzon recently , Malacañang said in a press release yesterday.

Presidential Spokesman Edwin Lacierda issued this, quoting Finance Secretary Cesar Purisima on  questions of whether Malacañang will ask Congress for a supplemental budget to increase the P8-billion calamity fund that would help address the damages caused by typhoons ‘Pedring’ and ‘Quiel’ which are reportedly, pegged at P13.8-billion.

Lacierda, however, said the government will discuss more issues related to calamity this week, including the recommendation of Defense Secretary Voltaire Gazmin to formally declare a state of calamity in all the areas severely affected by the onslaught of ‘Pedring’ and ‘Quiel’.

But even without the declaration of state of calamity, Lacierda said the government had taken the necessary measures to help ease the plight of the people in the calamity-stricken communities.

He said the Department of Trade and Industry continuously monitored the affected areas and had imposed price freeze in an apparent bid to prevent profiteers from taking advantage of the situation.*PNA


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