Presidential lump sum in 2015 budget only P40-B: Abad

By RG Cruz, ABS-CBN News

Posted at Aug 06 2014 06:31 PM | Updated as of Aug 07 2014 08:05 AM

MANILA - Budget Secretary Butch Abad on Wednesday said only P40 billion in presidential lump sums is in the proposed 2015 budget.

This, after he told Congress media last week that there are around half a trillion pesos in lump sums in the proposed budget: the P380-billion Special Purpose Fund (SPF), and the unprogrammed fund amounting to around P123 billion.

"If you go over the Special Purpose Fund, the only item not disaggregated are the Calamity Fund, Contingent Fund, Rehabilitation and Reconstruction Program, and the Allocations to Local Government Units," he said.

"The reason they are not disaggregated is we cannot predict calamities, as in the case of the Contingent Fund, thus by the nature of those funds, they have to be lump sum funds," he added.

Based on the National Expenditure Program (NEP) of the 2015 budget, the Calamity Fund was appropriated P14 billion; Contingent Fund has P2 billion; Rehabilitation and Reconstruction Program has P1 billion; and Allocations to Local Government Units has P33 billion.

Other items under the Special Purpose Fund are Budgetary Support to Government Corporations (P170 million); E-Government Fund (P1 billion); International Commitments Fund (P7.4 billion); Miscellaneous Personnel Benefits Fund (P118 billion); and, Pension and Gratuity Fund (P140.5 billion).