President Ferdinand Marcos Jr. has directed the Department of Budget and Management (DBM) to release P150 million from the Local Government Support Fund (LGSF) for the province of Cebu, in addition to P74 million allocated for the municipalities of San Remigio, Medellin, and Bogo City, which were severely affected by the 6.9-magnitude earthquake that struck on September 30.
The President stated that the funds are part of an ‘initial release,’ noting that a full assessment is still being conducted to determine the additional financial support needed in the province’s recovery.
On top of the DBM allocation, the Office of the President will provide P50 million in direct aid. Of this amount, P20 million each will go to Bogo City, San Remigio, and Sogod, while Daanbantayan, Madridejos, and Tabuelan will receive P10 million each.
Marcos visited Bogo City on Thursday to inspect the extent of the destruction and to assure quake-hit communities of immediate government support.
The September 30 earthquake, which registered a magnitude of 6.9, left at least 72 people dead and injured dozens more. The tremor also caused widespread damage to homes, schools, churches, and public infrastructure across northern Cebu.
It was strongly felt in neighboring provinces, including Negros Oriental, Bohol, and Leyte, and prompted thousands of residents to rush out of homes and establishments.
Authorities continue to conduct rescue and relief operations while structural assessments are being carried out to ensure public safety.