MANILA -- The Department of Budget and Management (DBM) released an initial P1.0 billion to assist affected local government units (LGUs) in addressing the adverse effects and damages caused by Typhoon Odette. 

In particular, the financial assistance shall cover affected LGUs in Region IV-B (MIMAROPA), Region VI (Western Visayas Region), Region VII (Central Visayas Region), Region VIII (Eastern Visayas Region), Region X (Northern Mindanao) and Region XIII (Caraga) which were recently placed under a State of Calamity by President Rodrigo Duterte. 

Based on the Report of the Disaster Response Operations Monitoring and Information Center (DROMIC) on the number of affected families/persons and on damages incurred on infrastructure and agriculture sectors, the DBM computed the following allocations for the respective regions: 

The total funding requirement was charged from the FY 2021 Contingent Fund and shall be released directly by the Bureau of Treasury to the concerned local government units (LGUs) through their respective authorized government servicing banks. (DBM)