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Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
Nineteenth Congress 
First Regular Session 
House Bill No. __________ 
__________________________________________________________________________ 
Introduced by Representative JOEY SARTE SALCEDA 
__________________________________________________________________________ 
AN ACT 
ESTABLISHING A NATIONAL RESPONSE TO PRICE AND 
SUPPLY-RELATED THREATS TO ECONOMIC RECOVERY, 
APPROPRIATING FUNDS THEREFOR, AND FOR OTHER PURPOSES 
EXPLANATORY NOTE 
June 2022 inflation was recorded by the Philippine Statistics Authority as being at 
6.1%, year-on-year. This is the highest since November 2018, with very few indications of 
going down in the coming months. This also indicates that the country’s full-year inflation is 
very likely to exceed the 2-4% target of the Bangko Sentral ng Pilipinas. 
The main driver of inflation for June 2022 was food and non-alcoholic beverages (at 
6.0 percent), which significantly accelerated from 4.9 percent in May. This is exacerbated by 
supply issues with wheat due to the Russia-Ukraine conflict, as well as the lingering transport 
and logistics constrictions and demand spikes attendant to economic recovery. Belarus, another 
participant in the conflict, is also a major exporter of fertilizers. Even prior to the conflict, the 
global fertilizer price index was already at record highs. Current fertilizer prices (as of May 
2022) are as much as 110% higher than last year’s.  
Meanwhile, primarily due to oil prices, but also because of reduced supply of public 
transport due to cut down profits from operations, the transport index grew significantly, at 
17.1 percent annually, from 14.6 percent in May 2022. Concerned sectors have also voiced out 
issues with the disbursement of payments for the Transport Service Contracting, otherwise 
known as the Libreng Sakay program. Such concerns have resulted in dramatic reductions in 
the supply of public utility vehicles plying their designated routes. 
Housing, water, electricity, gas and other fuels also grew by 6.6 percent. This is again 
largely due to fuel price hikes, as the country’s energy portfolio remains largely non-renewable 
and non-indigenous. 
Unmitigated price hikes are a serious threat to economic growth, because they reduce 
the level of business investment and the efficiency with which productive factors are put to 
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use. Inflation also tends to erode real incomes, which could make the pain of economic 
stagnation more intolerable.  
 
To respond to this most urgent threat to economic recovery, the principal approach of 
the package must be inflation-busting. Within such approach, the three main concerns are food 
(and therefore agriculture), transport, and energy. As the causes are imported, the country has 
very limited tools with which to mitigate price increases. What it can control for are: (1) pricing 
and market abuses, (2) availability of domestic supply and suppliers, and (3) logistics, 
transport, and supply chain efficiencies to ensure that goods and services reach consumers at 
fair prices and reasonable quality. In other words, things are not expected to get any better 
before the unfavorable global conditions abate, but domestic conditions can be prevented from 
deteriorating beyond the expected impact of external causes. 
 
Government must ensure a first-do-no-harm policy. That means interventions must 
remain market-oriented, and government efforts must be focused on increasing constrained 
supply rather than imposing price restrictions. On the price side, high prices per se may not 
necessarily be unjust, so we have to have price abuse prevention mechanisms, instead of brute-
force price ceilings. This bill this provides the president market-oriented but abuse-preventing 
powers within prudent limits and periods.  
 
The Bayan Bangon Muli package must also avoid the temptation of spending beyond 
what is necessary to improve the supply and price situation. Without expanding productive 
capacity, fiscal expansion conventionally has an inflationary effect. As such, the quality of 
spending programs within the package must be focused on promoting efficiencies and 
increasing supply and suppliers, rather than encouraging demand.  
 
The Bayan Bangon Muli package must also be a countervailing force to the weakening 
of the peso, through market-oriented and real-economy-based solutions. The promotion of 
exports and value-added in our foreign-paid services sector (especially freelancers or digital 
workers) is thus a priority under this package. 
 
In view of the foregoing, the approval of this bill is urgently sought. 
 
 
 
 
 
JOEY SARTE SALCEDA 
 


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Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
Nineteenth Congress 
First Regular Session 
House Bill No. __________ 
__________________________________________________________________________ 
Introduced by Representative JOEY SARTE SALCEDA 
__________________________________________________________________________ 
AN ACT 
ESTABLISHING A NATIONAL RESPONSE TO PRICE AND 
SUPPLY-RELATED THREATS TO ECONOMIC RECOVERY, 
APPROPRIATING FUNDS THEREFOR, AND FOR OTHER PURPOSES 
Be it enacted by the Senate and the House of Representatives of the Philippines in 
Congress assembled: 
CHAPTER ONE 
GENERAL PROVISIONS 
SECTION 1. Short Title. – This Act shall be known as the “Bayan Bangon Muli Act.” 
SEC. 2. Declaration of Policy. – It is hereby declared the policy of the State that 
ensuring adequate supply of affordable food and other essential goods shall be the most 
immediate socioeconomic priority to enhance productivity and enable immediate and 
sustainable economic recovery from the impacts of COVID-19. 
To pursue this, the concerted effort of agencies and instrumentalities of government 
shall be directed, in a coordinated approach, at the immediate resolution of issues on supply 
and price stability. 
SEC 3. Definition of Terms. – As used in this Act: 
(a) Essential goods and services shall refer to commodities or services necessary in
order to sustain health or life; or commodities or services that have a strategic and critical role 
in ensuring the proper functioning of society. 
(b) Market abuse, or abuse of market power shall refer to acts where a firm uses its
market power to engage in conduct that has the purpose, effect or likely effect of substantially 
lessening competition in a market; or that has the purpose of unduly raising prices to maximize 
profits. 
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(c) Critical infrastructure shall refer to essential infrastructure assets such as ports and 
airports , the continued operation of which is required to ensure the security of the nation, its 
economy, and the public’s health or safety. 
 
(d) Price gouging shall refer to acts where a seller increases the prices of goods, 
services, or commodities to a level much higher than is considered reasonable or fair, especially 
when demand is high and supply is limited. 
 
(e) Self-sufficiency ratio shall refer to the ratio between the amount of a good consumed 
and produced domestically, as determined by the Philippine Statistics Authority and the 
Department of Agriculture. 
 
 
CHAPTER TWO 
PRESIDENTIAL POWERS TO ABATE PRICE 
AND SUPPLY STABILITY ISSUES 
 
SEC. 4. Anti-hoarding powers. – For the duration of this Act, no person shall 
accumulate in excess of the reasonable demands of business, including for resale at prices in 
excess of prevailing market prices, personal, or home consumption goods or services which 
have been designated by the President as scarce materials or materials the supply of which 
would be threatened by such accumulation. 
 
The President shall promulgate, in such manner as he may deem appropriate, the 
designation of goods or services the accumulation of which is unlawful and the conditions of 
excess accumulation of these goods within a specific period of time. No part of this Section 
shall be construed as limiting the provisions of Republic Act No. 7581 otherwise known as the 
Price Act of 1992, as amended by Republic Act No. 10623. 
 
SEC. 5. Power to incentivize production of critical goods and services. –  
Notwithstanding Title XIII of the National Internal Revenue Code, as amended, and other 
relevant laws on the grant of fiscal incentives, the President may provide fiscal and non-fiscal 
incentives to develop, maintain, modernize, restore, and expand the productive capacities of 
domestic sources for critical components, technology items, materials, and industrial resources 
essential for price and supply stabilization.  
 
The President may instruct the Department of Finance and the Department of Trade 
and Industry to craft the incentives that would expand the production of goods and services 
necessary for price and supply stabilization. 
 
SEC. 6. Power to provide loans and loan guarantees to private enterprises for price 
and supply stabilization. – 
 
(a) Direct loans to private enterprises. To reduce current or projected shortfalls of 
industrial resources, critical technology items, or materials essential for price and supply 
stabilization  and for economic recovery, the President may authorize any Government 
Financial Institution to provide loans to private business enterprises, including nonprofit 
research corporations and providers of critical infrastructure, for the creation, maintenance, 
expansion, protection, or restoration of capacity; the development of technological processes; 


 
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or the production of essential materials, including the exploration, development, and mining of 
strategic and critical metals and minerals. 
 
(b) Loan guarantees. The President, upon recommendation by the Secretary of Finance, 
may authorize any Government Financial Institution to provide guarantees of loans to private 
institutions and enterprises such as any contractor, subcontractor, provider of critical 
infrastructure, or person in support of production capabilities or supplies that are deemed,  
necessary to create, maintain, expedite, expand, protect, or restore production and deliveries or 
services essential to price and supply stabilization. 
 
(c) General conditions for loans and guarantees. The loan or guarantee under the 
Section herein may be made if the President determines that: 
 
(1) the loan or guarantee is for an activity that supports the production or supply of 
an industrial resource, critical technology item, or material that is essential to 
resolving the national emergency; 
 
(2) without the loan or guarantee, the Philippines industry cannot be reasonably 
expected to provide the needed capacity, technological processes, or goods and 
services in a timely manner; 
 
(3) the loan or guarantee is the most cost-effective, expedient, and practical 
alternative method for meeting the need; 
 
(4) the prospective earning power of the loan or guarantee applicant and the 
character and value of the security pledged provide a reasonable assurance of 
repayment of the loan in accordance with the terms of the loan; and 
 
(5) the loan bears interest at a rate determined by the Secretary of Finance to be 
reasonable, taking into account the current average yield on outstanding 
obligations of the government. 
 
Finally, loans and guarantees may not be extended  when the financial assistance is 
available from private sources on reasonable terms. The Secretary of Finance shall issue the 
necessary rules, regulations, and guidelines for the implementation of this section.  
 
SEC. 7. Anti-Price Gouging Powers. – Notwithstanding  the provisions of existing 
laws, rules, and regulations on price gouging and other market-abusive behavior, the following 
provides the President powers to limit price-gouging. 
 
(a) Presidential proclamation of essential goods supply emergency. – The President 
may issue an essential goods supply emergency proclamation in any area within the country, 
which shall include the list of affected essential goods and the period of effectivity. 
 
(b) Prohibited acts during an essential goods supply emergency. – It shall be unlawful 
for any person to sell an essential good, at wholesale or retail, in an area covered by the 
proclamation under paragraph (a) at a price that is unconscionably excessive  which indicates  
exploitation of the circumstances related to the emergency. The Department of Trade and 
Industry and the Philippine Competition Commission shall jointly issue the rules and 


 
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regulations defining the unconscionably excessive price and indicating exploitative price-
setting. 
 
(c) Duration of proclamation. – The proclamation may not apply for a period of more 
than thirty (30) consecutive days, but may be renewed for a period not exceeding thirty (30) 
days. 
 
(d) Factors considered in determining violations of prohibition. – In determining 
whether a person has violated paragraph (b), the following aggravating and mitigating factors 
shall be considered: 
 
(1) Aggravating factors:  
 
(i) Whether the amount charged by such person grossly exceeds the average 
price at which the consumer good or service was offered for sale during the 
30-day period before the date  the proclamation was issued; or another 
appropriate benchmark period, as determined by the Philippine Competition 
Commission and the Department of Trade and Industry; 
 
(ii) Whether the amount charged by such person grossly exceeds the price at 
which a similar consumer good or service was readily obtainable in the same 
area from other sellers during the period. 
 
(2) Mitigating factor 
 
Whether the quantity of any consumer good or service such person produced, 
distributed, or sold in an area covered by the proclamation during the thirty-day 
period following the date when the proclamation was issued substantially 
increased over the quantity the same person produced, distributed, or sold 
during the thirty-day period before  the proclamation was issued, taking into 
account any seasonal demand variation. 
 
SEC. 8. Motu proprio power of concerned agencies to investigate market abuse in the 
energy and essential goods sectors. – Notwithstanding the provisions of existing laws, rules, 
and regulations, the following agencies may exercise powers to investigate market abuses 
during the duration of the proclamation: 
 
(a) The Department of Energy may investigate to determine if the price of electricity 
or fuel is being manipulated by reducing refining, importing, or generating capacity or by any 
other form of market manipulation or price gouging practices; 
 
(b) The Philippine Competition Commission may, without need for merger 
notifications required under the law, consider the impact of mergers and acquisitions in the 
energy sector and any other sector producing essential goods and services and recommend to 
the President or to any other relevant agency the appropriate action; and 
 
(c) The Department of Trade and Industry may investigate if the price of any essential 
good or service other than energy or fuel is being manipulated by reducing manufacturing, 
processing, or importing capacity or by any other form of market manipulation or price gouging 
practices. 


 
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SEC. 9. Powers to declare and resolve a transport emergency. – The President may, 
during the effectivity of this Act, issue a proclamation declaring the existence of a transport 
emergency. The proclamation may not apply for a period of more than thirty (30) consecutive 
days, but may be renewed for another thirty (30) days. 
 
The Department of Transportation shall prepare the implementing guidelines of this 
Section. 
 
(a) Use of private roads. Private roads, including those within villages and subdivisions, 
may be opened for public use subject to security and limitations that shall be agreed upon 
between the designated agency, the local government unit, and the affected residential 
association, or be the subject of expropriation. In case of failure to agree within fifteen (15) 
calendar days, the government may proceed to acquire the same, invoking the power of eminent 
domain. 
 
(b) Expediting public projects. During the effectivity of this proclamation, the 
designated agency may enter into Direct Contracting, Repeat Order, Direct Negotiation of 
Contracts, and the other 16 alternative modes of procurement under the Republic Act No. 9184 
for Priority Projects for the construction, repair, restoration, rehabilitation, improvement, or 
maintenance of infrastructure, projects, and facilities, subject to auditing rules and regulations. 
The Protest Mechanism under Article XVII of R.A. No. 9184 is deemed suspended during the 
effectivity of the proclamation. The time duration specified in the Implementing Rules and 
Regulations (IRR) 22 of R.A. No. 6957, as amended, may be shortened during the 
proclamation. 
 
The Government Procurement Policy Board and the National Economic Development 
Authority, in consultation with the Office of the President, shall issue the proper guidelines for 
procurement of Priority Projects within fifteen (15) days upon the effectivity of this Act. 
 
(c) Establishment of alternative work arrangements. All private and public entities, as 
well as educational institutions, shall be allowed to adopt alternative work and schooling 
arrangements including carpooling, share-a-ride programs, flexible working and school hours,  
staggered schedules of attendance, and other transport demand management schemes. The 
provisions of labor laws and regulations that restrict or prohibit these acts shall be deemed 
suspended during the effectivity of the proclamation. 
 
(d) National government control of transport facilities around critical infrastructure. 
For the duration of the proclamation under this Section, the President may temporarily exercise 
or delegate the power to create rules for the operation of roads, railways, and other transport 
facilities around or connected to critical infrastructure such as ports and airports, in order to 
decongest traffic around, within, leading to, or coming from such infrastructure.  
 
SEC. 10. Power to mobilize military and uniformed services to expedite the delivery of 
essential goods and services. – The President may, during the effectivity of this Act, mobilize 
any member or unit of the military and uniformed services, including the Armed Forces of the 
Philippines, the uniformed personnel of the Department of Interior and Local Government, 
including the Philippine National Police and the Bureau of Fire Protection, and the Philippine 
Coast Guard, to expedite the delivery of public services critical to price and supply 
stabilization. Such mobilization may include the use of the engineering units of these services 


 
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to expedite the completion of public infrastructure. The Department of National Defense and 
the Department of Interior and Local Government shall issue the rules and regulations 
necessary for the implementation of this Section. 
 
SEC. 11. Power to constitute inter-agency working groups or task forces. – During the 
effectivity of this Act, and without prejudice to the express, implied, or inherent powers vested 
in his office, the President may constitute any inter-agency working group or task force, 
convene any number of agencies and instrumentalities within the Executive Branch, or call 
upon any group or number of officials within the Executive Branch, to coordinate actions to 
stabilize the price and supply of basic or essential goods and services, or to expedite the 
delivery of public services critical to price and supply stabilization. 
 
 
CHAPTER THREE 
FOOD SECURITY AND AGRICULTURAL PRODUCTIVITY 
 
SEC 12. Integration of food security in relevant government programs. – During the 
effectivity of this Act, relevant government programs shall integrate in their program plans and 
policies the participation of young people and beneficiaries in the attainment of food security. 
 
(a) The Department of Education shall issue guidelines for the integration of food 
security in the Citizenship Advancement Training and trades and skills related course offerings; 
 
(b) The Commission on Higher Education shall issue guidelines for the integration of 
food security in the National Service Training Program; 
 
(c) The Technical Education and Skills Development Authority shall offer food 
security-related courses and trainings; 
 
(d) The Department of Labor and Employment shall integrate food security programs 
in their cash-for-work and government internship programs; 
 
(e) The Department of Social Welfare and Development shall provide food security 
trainings and other similar programs and services for beneficiaries of its social pension, 
conditional cash transfers, and other cash transfer programs; 
 
(f) The Department of Agriculture shall mobilize its training units and services for 
programs such as community edible landscaping, backyard food production, and other local 
food producing efforts. 
 
SEC. 13. Management of food surpluses. – To ensure that crop surpluses are managed 
and stored for use during periods of scarcity, and to provide producers with means to store 
excess produce, the Department of Agriculture, the Department of Trade and Industry, and the 
Department of Science and Technology shall coordinate with canning, bottling, and other 
packing or preserving companies to preserve surplus food production and offer them as relief 
for families in crisis situations. 
 
The Department of Agriculture and the Department of Social Welfare and Development 
shall initiate programs for the localized distribution of surplus food production to households 
in crisis situations. 


 
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SEC. 14. Expansion of food assistance programs. – To provide support for areas most 
affected by COVID 19 and whose food supply were disrupted, the Department of Social 
Welfare and Development shall expand its food assistance programs. Priority for procurement 
of food supplies shall be accorded to farmers and producers participating in programs under 
Section 13 of this Act. 
 
SEC 15. Agricultural market facilitation. – The Department of Agriculture shall initiate 
a comprehensive program that would allow farmers to sell produce without mediators. Such 
program may be administered through electronic means, and may comprise the entire value 
chain, including food terminals and transport. 
 
SEC. 16. Export promotion for high-value crops. – To provide alternative farmer 
income flows to support their production of staple crops, the Department of Agriculture, in 
coordination with the Department of Trade and Industry, the Department of Foreign Affairs, 
the Philippine Economic Zone Authority, and other relevant government agencies, shall 
establish a program for the creation and expansion of foreign markets for crops and agricultural 
products whose self-sufficiency ratios exceed one hundred percent (100%).  
 
SEC. 17. High-yielding crop varieties. – There shall be established a National High-
Yield Plant Breeding Program to be administered by the Department of Agriculture and 
implemented by the Philippine Rice Research Institute and the University of the Philippines 
Los Baños Institute of Plant Breeding. 
 
The Department of Agriculture shall select crops, the generation of its high-yield 
varieties shall be prioritized. The implementing institutes shall ensure that the varieties are 
ecologically-compatible and sustainable, and shall not disrupt beneficial ecosystems.  
 
SEC. 18. Suspension of mandatory use of biofuels as fuel additives. – If, upon the 
determination of the Department of Energy and the Department of Agriculture, the mandate of 
adding biofuels in petroleum products is found to significantly increase fuel and food prices, 
the President may, for any period of time within the effectivity of this Act, suspend, partly or 
fully, Section 5 of Republic Act No. 9367 or the Biofuels Act of 2006.  
 
 
CHAPTER FOUR 
ASSISTANCE FOR MICRO, SMALL, AND MEDIUM ENTERPRISES 
 
SEC. 19. Principles for MSME support. –  To aid in price and supply stabilization, and 
to address economic scarring due to the effects of the COVID-19 pandemic, the following 
principles shall be adopted by relevant agencies during the effectivity of this Act: 
 
(a) Micro, small, and medium enterprises, whose main business activity is to support 
the agricultural sector, facilitate innovation and efficiency in the transport and energy sectors, 
and ease supply constraints in essential goods and services, shall be given priority in the 
allocation of scarce government resources to enhance their ability to provide decent 
employment, or to provide quality goods and services to the public at efficient costs 
 
(b) Regulatory agencies shall, as far as practicable, reduce administrative burdens on 
micro, small, and medium enterprises; and 


 
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(c) Government shall promote the attainment of economies of scale among micro, 
small, and medium enterprises through the promotion of strategic alliances and partnerships 
between businesses and between the public and private sectors. 
 
 
SEC. 20. Registration fees and requirements. – The President may, during the 
effectivity of this Act, suspend the following requirements partly or fully, insofar as they apply 
to Micro, Small, and Medium Enterprises and insofar as they prevent the immediate operation 
of bona fide applicants for business registration: 
 
(a) Sections 157, 158, 160, 161, 162, 163, and 164 of the Local Government Code, on 
the Community Tax Certificate; and 
 
(b) Non-tax registration fees collected by the Bureau of Internal Revenue, the 
Department of Trade and Industry, and the Securities and Exchange Commission. 
 
Local government units may also provide provisional Mayor’s Permits and other non-
environmental, non-health, or non-safety licenses valid during the effectivity of this Act; or 
suspend onsite registration and inspection requirements for non-environmental, non-health, or 
non-safety issuance.  
 
SEC 21. Loan Programs for micro small and medium enterprises. – Government 
Financial Institutions, the Small Business Corporation, and other relevant government agencies 
the President may identify are directed to expand their existing loan programs for micro, small 
and medium enterprises, cooperatives, hospitals, tourism enterprises, and overseas Filipino 
workers seeking to establish businesses through the following measures: 
 
(a) increasing available loanable funds; 
 
(b) reducing documentary requirements; 
 
(c) increasing maximum loan amounts per borrower; 
 
(d) reducing interest rates; 
 
(e) extending loan terms; 
 
(f) utilization of financial technologies to expand reach and increase access and set fast 
turn-around loan processing time; and 
 
(g) allowing the use of the loan proceeds for payroll costs, materials and suppliers, 
mortgage payments, rent, utilities, including fuel and storage, creation of new supportive 
businesses, re-purposing of existing business capital, any other business debt obligations that 
were incurred before the covered period or acquisition of new technologies and systems to 
adjust business processes for resiliency. 
 
The Landbank of the Philippines and the Development Bank of the Philippines shall 
continue its low interest or "flexible term" loan program for operating expenses available to 
businesses affected by the COVID-19 pandemic, to assist and encourage them and their 
creditors to continue investing in, lending to and operating  their businesses: Provided, That 


 
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priority shall be given to agri-fishery and non-essential businesses that are micro, small and 
medium enterprises, including start-ups and cooperatives. 
 
The Philippine Guarantee Corporation shall issue an expanded government guarantee 
program for non-essential businesses, to ease current rules and regulations and give preference 
to critically impacted businesses, micro, small, and medium enterprises, cooperatives, and 
activities. 
 
SEC. 22. Business digitalization and national broadband. – To improve the productive 
and innovative capacities of small businesses, and to ensure that freelancers and other digital 
workers have reliable and affordable access to internet connectivity, the President shall 
establish the National Broadband Network, and may use funds derived from the sources 
stipulated in Section 16 of this Act for the initiation of feasibility studies, construction of 
preparatory facilities, acquisition of right-of-way, and other program requirements of the 
Network. 
 
 
CHAPTER FIVE 
ENERGY, FUEL, AND TRANSPORTATION PRICES AND SUPPLY 
 
SEC. 23. Price monitoring and anti-price-abuse in the retail fuel sector. –  Retailers of 
regular gasoline, unleaded premium gasoline, kerosene, diesel fuel oil, liquefied petroleum gas, 
and similar fuel oils having more or less the same generating power shall be required to notify 
the Department of Energy, the Department of Trade and Industry, and the Department of 
Finance of retail prices, including taxes and justification for the change of price of said goods 
a day before the implementation of significant price changes. The Department of Energy, the 
Department of Trade and Industry, and the Department of Finance shall jointly issue guidelines 
and create an interagency committee for this purpose. 
 
Data submitted under this section shall be reported to and may be utilized for 
investigation, evidence, and other legal purposes by the Department of Energy -Department of 
Justice Task Force created under Section 14 (d) of Republic Act No. 8479, otherwise known 
as the Downstream Oil Industry Deregulation Act of 1998. 
 
SEC. 24. Schedule of maintenance activities of power assets. – During the effectivity 
of this Act, the Department of Energy may regulate and prescribe rules for the scheduling of 
maintenance activities of capital assets of power generation, transmission, and distribution 
companies to ensure the stability of supply of energy especially during peak hours or periods. 
 
SEC. 25. Public Utility Vehicle Franchise terms. – During the effectivity of this Act, 
the President may modify, or delegate the power to modify, terms related to Public Utility 
Vehicle routes which are embedded in their franchises to ensure adequate transport supply. 
 
SEC. 26. Petroleum minimum inventory. – During the effectivity of this Act, all 
refiners, importers, and bulk distributors shall maintain a minimum inventory requirement on 
a per company, per depot, and per product basis as determined by the Department of Energy. 
The minimum inventory requirement shall be imposed on diesel, gasoline, kerosene, liquefied 
petroleum gas for household and transport use, fuel oil, and aviation fuel. 
 


 
Page | 10  
 
The minimum inventory requirement shall be measured in number of available days’ 
supply. All refiners, importers and bulk distributors shall be required to maintain at least thirty 
(30) days available supply at any given time. Crude oil inventory of refiners shall form part of 
the minimum inventory requirement, subject to the design conversion rate on the finished 
petroleum products of the refinery. 
 
All refiners, importers and bulk distributors shall submit a minimum inventory 
requirement compliance report to the Department of Energy on a weekly basis. 
 
 
CHAPTER SIX 
FUNDING PROVISIONS 
 
SEC 27. Sources of Funding. – The herein enumerated measures shall be funded from 
any of the following: 
 
(a) 2022 General Appropriations Act (GAA): Provided, That funds for the herein 
authorized programs, activities, and projects (P/A/Ps) shall be sourced primarily from the 
unprogrammed funds and savings realized from modified, realigned, or reprogrammed 
allocations for operational expense of any government agency or instrumentality under the 
Executive Department, including traveling expenses, supplies and materials expenses, 
professional services, general services, advertising expenses, printing and publication 
expenses, and other maintenance and operating expenses: Provided, further, that to fast track 
economic recovery and pump prime the economy, implementation-ready P/A/Ps, including 
P/A/Ps that have not yet undergone the procurement process, whether for comprehensive 
release (FCR), or for later release (FLR), shall not be discontinued, and appropriations for such 
P/A/Ps shall be immediately released. Provided, finally, that P/A/Ps that have the highest 
multiplier effect and that promote countryside development, including infrastructure projects, 
shall be prioritized in the release of appropriations. 
 
Notwithstanding the provisions of this Act, the discontinued P/A/Ps, and 
notwithstanding the provisions of the GAA 2022, may be revived and funded within the next 
two (2) fiscal years. 
 
(b) Savings pooled pursuant to Republic Act No. 11469, otherwise known as the 
“Bayanihan to Health as One Act” and Republic Act No. 11494, as amended, otherwise known 
as “Bayanihan to Recover as One Act”, including unutilized funds appropriated to the Land 
Bank of the Philippines, Development Bank of the Philippines, and Small Business 
Corporation; 
 
(c) Excess revenue collections in any one of the identified tax or non-tax revenue 
sources from its corresponding revenue collection target, as provided in the FY 2022 Budget 
Expenditures and Sources of Financing. 
 
(d) New revenue collections or those arising from new tax or non-tax sources which 
are not part of, nor included in the original sources identified in the FY 2021 BESF. 
 
(e) Unutilized or unreleased balance in special purpose funds (SPFs): Any unutilized 
or unreleased balance in SPFs shall be considered to have their purpose abandoned during the 
state of national emergency as declared by the President of the Philippines. All such unspent, 


 
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unutilized, or unreleased money or funds sourced from SPFs shall be utilized and are hereby 
appropriated for such measures to accomplish the declared national policy herein; 
 
(f) Cash, funds, and investments held by any government owned or controlled 
corporation (GOCC) or any National Government Agency (NGA): Notwithstanding any law 
to the contrary, the President of the Philippines is hereby authorized to allocate cash, funds, 
investments, including unutilized or unreleased subsidies and transfers, held by any GOCC or 
any NGA in order to support and fast-track economic recovery. 
 
(g) Unused appropriation for debt servicing: Notwithstanding any law to the contrary, 
the President of the Philippines may direct the discontinuance of unutilized automatic 
appropriations for debt service and available appropriations for redemption of maturing 
government securities and use the savings generated therefrom to augment the allocation for 
any item necessary for the purposes identified in this Act. All amounts so reprogrammed, 
reallocated, or realigned shall be deemed automatically appropriated for the said purposes: 
Provided, That for interest payments, the savings will be generated from the unused 
appropriations after actual payment of interest per month as reported by the Bureau of the 
Treasury to the Department of Budget and Management: Provided, further, That for principal 
repayment, the savings will be generated from the funds freed up as a result of a debt exchange 
by the Bureau of the Treasury. 
 
SEC 28. Appropriations. – The total amount of eighty billion, three hundred million 
pesos (P80,300,000,000.00) is hereby appropriated and shall be used to support programs and 
measures as provided under this Act.  
 
(a) Exercise of presidential powers. – For programs, projects, and activities, including 
the hiring of temporary personnel necessary for the exercise of powers under Chapter II of this 
Act, the amount of Fifty million pesos (Php50,000,000.00) is hereby appropriated to the Office 
of the President. 
 
(b) Enforcement of market abuse regulations. – For the implementation of programs 
pursuant to Sections 4, 7, and 8 of this Act, the amount of Fifty million pesos 
(Php50,000,000.00) is hereby appropriated to the Office of the President, which may release 
funds to relevant agencies as necessary. 
 
(c) Expansion of Agricultural Productivity Programs. – The Department of Agriculture 
shall continue to implement programs toward improving farmer productivity and 
competitiveness in global agricultural markets, including subsidies, loans, grants, and other 
necessary capacity building assistance to farmers, livestock producers, and fisherfolk. The DA 
shall also expand programs intended to make affordable and high-quality food products more 
accessible to families. 
 
For the implementation of the program and programs under Chapter III of this Act, the 
amount of Ten billion pesos (Php10,000,000,000.00) is hereby appropriated; the per-program 
allocation for which shall be proposed by the Department of Agriculture subject to approval 
by the President. 
 
For the implementation of the plant breeding program under Section 16 of this Act, the 
amount of One Hundred Million pesos (Php 100,000,000.00) is hereby appropriated to the 


 
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Philippine Rice Research Institute and the amount of One Hundred Million pesos (Php 
100,000,000.00) is hereby appropriated to the UPLB Institute of Plant Breeding. 
 
(d) National Broadband Network. – For the implementation of the program under 
Section 22 of this Act, the amount of Fifty billion pesos (P50,000,000,000.00) is hereby 
appropriated to the Department of Information and Communication Technology, the release of 
which shall be determined by the Department of Budget and Management contingent on the 
program schedule. 
 
(e) Expansion of DSWD Assistance Programs. – For the implementation of the 
program, and for programs pursuant to Sections 12, 13, and 14 of this Act, the amount of 
Twenty billion pesos (Php20,000,000,000.00) is hereby appropriated upon the effectivity of 
this Act. The said funds shall be immediately released to the DSWD upon the effectivity this 
Act. 
 
 
CHAPTER SEVEN 
FINAL PROVISIONS 
 
SEC. 29. Separability Clause. – If any part, section or provision of this Act is held 
invalid or unconstitutional, other provisions not affected thereby shall remain in full force and 
effect. 
 
SEC 30. Repealing Clause. – All laws, decrees, orders, rules and regulations or parts 
thereof inconsistent with this Act are hereby repealed or amended accordingly. 
 
SEC 31. Effectivity. – This Act shall take effect immediately upon its publication in the 
Official Gazette or in a newspaper of general circulation, and shall be valid until December 31, 
2023. 
 
Approved,