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Gov’t has enough funds for Taal Volcano eruption response — Romero

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The national government has enough allocation to address its disaster response following the eruption of Taal Volcano on Sunday, Deputy Speaker Mikee Romero said.

Romero said there is P16 billion in the National Disaster Risk Reduction and Management Fund.

He noted that the Department of Finance may have some more billions from the $500-million World Bank disaster resilience funds. Local government units also have their own calamity funds.

Romero stressed that the Taal Volcano eruption “is enough reason for Congress to convene in special session this week to tackle the disaster resilience bills and perhaps authorize additional funding for disaster response measures.”

“I will confer with other House leaders on prioritizing the Department of Disaster Resilience bills,” said Romero.

He noted the Taal Volcano eruption is just the first of many disasters this year and the P16-billion allocation may not be enough until December.

“Many of the people affected in the Mindanao earthquakes and by the typhoons that struck Bicol, Eastern Visayas, Mindoro, and Western Visayas have yet to rebuild their homes,” he said.

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