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Lawsuits caused by emergency caused by rain and landslides exceed S/4 billion, the Ministry of Economy and Finance (MEF) said.
Given this, the head of the IEF, Alex Contreras He noted that a number of measures have already been agreed in the Council of Ministers.
“We agreed to accelerate the implementation of measures to strengthen assistance. An Emergency Order and Supreme Orders are currently being drafted with a view to injecting around S$1 billion to strengthen this operational capability in the face of the damage it has suffered. the northern region is suffering,” he said in an interview with the press.
He Minister of Economy He added that these measures will strengthen the capacity to respond to emergencies.
“This involves the purchase of equipment, kits, food, fuel and a number of requirements. At the moment the claims are in excess of SGD 4 billion, with this first package we want to strengthen our operational capabilities to minimize damage, economic damage,” he added.
Contreras added that these measures would be funded by part of Contingency reserve and with redistribution of residuals.
As for the additional loan requested before Congress and already approved by the Budget Committee, it is expected to be discussed in the plenary session next week.
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.