BAYANIHAN FUNDS

Underspending of Bayanihan 2 funds:

1. Some P205.117 billion was allotted for Bayanihan 2, but its spending was not maximized. Unfortunately, Bayanihan 2 ended June 30, 2021.

“We should keep in mind that underspending is determined not by fund releases but by obligations and disbursements. And based on my research, is there underspending? Yes!”

“Of the P205.117-billion allotment under Bayanihan 2, agencies incurred an obligation of P187.844 billion, or an obligation rate of 91.58 percent. But only P141.447 billion was disbursed, for a disbursement rate of 75.30% and 24.7% has not been disbursed. This can be considered huge underspending with P46.397 billion undisbursed and P17.273 billion unobligated.”

2. As a result, Filipinos whose lives and livelihood were affected by the pandemic did not get the assistance due them. These include those undergoing the “online learning program” of the Department of Education, as well as public utility vehicle drivers.

“If the money was not fully disbursed, the affected Filipinos suffer because they are denied the aid meant for them. It is a disservice to many, to say the least.”

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