UNDP Philippines Policy Note – Increasing Investments in Biodiversity


Philippines Finance Plan - Policy Note
Date:
Topic:
Finance Plan (BFP)
Country:
Philippines

Based on an analysis of time series of budgets from 2008-2013 among agencies contributing to the 20 Aichi targets, the baseline financing for biodiversity in the Philippines was estimated at PHP 5 billion (or USD 110 million). The baseline financing for biodiversity represents 0.08% of GDP and 0.31% of the national budget for this period of analysis. From 2008-2013, the budget of the DENR was observed to be increasing at the rate of 23% per year. The biodiversity budget has been increasing at a faster rate of 34% per year for the same period, although its contribution to total budget is less than 20% of the total. In the DENR alone, budget allocation for biodiversity can increase from 4% to 16% by mainstreaming with other bureaus such as the Forest Management Bureau and the Ecosystems Research and Development Bureau. 

 

Local governments contribute PHP 0.5 billion pesos or USD 13 million based on protected area expenditures alone. Current funding levels for local governments comprise an average of 4% of the 20% development fund-representing share of national taxes.