It is also tasked to administer the NEFCA
fund exclusively for the implementation of culture and arts programs and projects.
And since the new rules favor local government units, artists groups warn the Nefca
might be used as pork barrel to buy favor from local political bosses on an election year.
Abad on Sunday said the fresh release of P9.48 million would also be charged against the Nefca
, which the DBM is treating as an automatic appropriation.
For the purchase, it drew P270 million also from the NEFCA
, as authorized by Budget Secretary Florencio Abad.
The amount of P270 million will be charged against the Nefca
. The latter represents the 10-percent share of the travel tax collected by the Tourism Infrastructure and Enterprise Zone Authority, the DBM statement read.
While the NCCA's bid is backed by the NEFCA
, the city government's offer will be funded through the city budget on top of a loan from Landbank worth P767 million, which will become active once ownership of the Met has been transferred to the Manila government.