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P12 billion calamity fund approved by Senate

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The senate approves last Wednesday a P12 billion supplemental budget calamity fund. This would allow the to better implement its relief and rehabilitation efforts for the victims of Ondoy and Pepeng. The senators passed joint resolution no. 34 with amendments that included the creation of a joint oversight Congressional committee to monitor the spending of the huge calamity fund. The P12 billion additional budget will be sourced from the ’s share in the Malampaya natura

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