DBM tags P453-B as climate-related expenditure for ’23

DBM tags P453-B as climate-related expenditure for ’23

Budget and management secretary Amenah Pangandaman. (Photo courtesy: Manila Bulletin Online)

By Cip D.C. Cabrera

MANILA —The Department of Budget and Management (DBM) has tagged a record-high budget of P453.11 billion for climate change adaptation and mitigation in next year’s National Expenditure Program (NEP).

Budget secretary Amenah Pangandaman said that the said amount is 56.4 percent higher than the current year’s PhP289.73 billion.

According to the budget chief, the results of the Climate Change Expenditure Tagging (CCET) show that Water Sufficiency projects have been prioritized with P264.89 billion even as funding for Sustainable Energy and Food Security remains substantial at P131.51 billion and P40.78 billion, respectively.

“Climate change expenditures shall continuously prioritize funding for major programs such as the Flood Management Program of the Department of Public Works and Highways (DPWH) with a budget allocation of P168.9 billion. This will cover the construction and rehabilitation of flood-mitigation structures and drainage systems nationwide,” Pangandaman pointed out.

Besides this, P2.49 billion has also been allocated for the National Greening Program of the Department of Environment and Natural Resources (DENR), which is intended for the planting of some 6.18 million seedlings in 11,631 hectares of land resources.

Tagged as well are the Protected Areas Development and Management Program and Management of Coastal and Marine Areas.

“We have documented an average of 21.3 percent increase in climate-related expenditures from 2015 to 2023. With the continuous help of implementing agencies and of every Filipino, we can work towards climate resiliency to safeguard a sustainable future for our country,” Pangandaman added.

In ending, the Cabinet official noted that the directive for the CCET is based on the Joint Memorandum Circular (JMC) 2015-01 of the DBM and the Climate Change Commission which aims to track, monitor, and report programs that help address and alleviate problems posed by climate change. (ai/mtvn)

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