Connect with us

Hi, what are you looking for?


Budget, Bayanihan II extension bills now with Palace for signing

MEASURES extending the validity of the 2020 budget and the Bayanihan to Recover as One Act (Bayanihan II) until next year are now before President Rodrigo R. Duterte’s signature.

The bills have both been transmitted to the Office of the President, House appropriations committee chairman and ACT-CIS Representative Eric G. Yap said in a phone message Sunday.

Budget Secretary Wendel E. Avisado in a separate phone message said, “We are for the extension only, nothing more nothing less,” when asked whether he recommended the approval of the measures.

House Bill No. 6656 will amend Republic Act No. 11465 to extend the P4.1-trillion national budget for 2020 until Dec. 31, 2021; while House Bill No. 8063 will extend RA 11494, or Bayanihan II, until June 30, 2021.

The measures were adopted and approved by the Senate on Dec. 15, and were later adopted by the House on Dec. 16, doing away with the need to convene the bicameral conference committee.

Bayanihan II, which provided P140 billion worth of assistance to hard-hit sectors and P25.5 billion more in standby allocations contingent on funding availability, expired on Dec. 19. Executive Secretary Salvador C. Medialdea was asked in a phone message on the status of the bills, but had not commented at deadline time.

Without the extension, the funding under these measures will revert to the National Treasury.

The Department of Budget and Management has reported that P110 billion of the 2020 spending plan has not been released as of Nov. 13. The equivalent amount is P38 billion for Bayanihan II, as of Nov. 11.

The extension is expected to help the government catch up on spending after its projects were disrupted by the lockdown, which started mid-March. This contributed to the 10% contraction of the economy in the first nine months. — Charmaine A. Tadalan

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



REPORTS of significant attacks against two Russian air bases are a new and dangerous twist in the Ukraine war. One of the explosions was...


The COVID-19 pandemic dealt a blow to the Philippine economy and exposed many gaps and weaknesses in our system that had been present for...


In 2016, several art scholars and museums embarked on a project to digitally produce 17th century artist Rembrandt’s next work, by using a computer...


Southeast Asia is adjusting to a new normal with the welcome return of travel and in-person gatherings, be it at work, with family and...


SINGAPORE — Jollibee Foods Corp, the biggest fast-food operator in the Philippines, is in advanced discussions to sell a minority stake in its Vietnamese...


INDONESIAN lawmakers have passed a contentious criminal code that outlaws extramarital sex and raises penalties on abortions as part of legislation that sparked violent...

You May Also Like


The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.