SOURCES OF FINANCING FOR 2021 BARMM BUDGET

BARMM shall have an allocation of Php 80.28 billion, which is equivalent to 1.78% of the proposed national budget for FY 2021. The said allocation is composed of: a) Php 71.67 billion annual block grant from the national government that is automatically appropriated; b) Php 5 billion for the region’s Special Development Fund; and c) Php 3.61 billion which is the share of BARMM in national taxes, fees, and charges collected in the region.  The total new appropriations of BARMM for FY 2021 is Php 1.61 billion; this is 23.05% higher than BARMM’s source of financing in FY 2020.