Photo from BTA-LTAIS
COTABATO CITY—The Bangsamoro Parliament’s Finance, Budget, and Management Committee convened on Tuesday, April 11, to deliberate on Parliament Bill No. 41, or the BARMM Buffer Fund Act of 2022.
The bill, which proposes a P500 million buffer fund for nationally funded workers supervised by BARMM ministries or offices, aims to ensure timely payment of salaries and benefits.
The buffer fund will serve as a safety net for employees affected by delays in the transfer or download of funds for their salaries and benefits. The proposed measure could benefit over 3,000 employees from the Ministry of Social Services and Development (MSSD) and the Ministry of Health (MOH) alone.
“The buffer fund will also be used to compensate for any delays in the transfer or download of funds for the payment of salaries and other benefits to affected employees,” said in a post from Bangsamoro Transition Authority’s (BTA) information division.
This move by the BARMM Government is expected to boost the morale of nationally funded workers and provide them with the much-needed financial security they deserve.
Another meeting will be held to further discuss the proposed measure, and the BARMM Government hopes to implement this new policy soon. (Kasan Usop, Jr./BIO with details from BTA-LTAIS)