Leyte prov’l gov’t submits 2013 budget proposal to SP

TACLOBAN CITY – The proposed budget for the provincial government of Leyte for 2013 was already submitted to the Sanggunian Panlalawigan for its approval.

The proposed budget, in the amount of P1,571,000,000, was presented last Tuesday for consideration by the members of the provincial board and it was referred to the committee on finance under Board Member Malou Go-Soco for review.

Next year’s budget, according to Go-Soco, is a bit higher compare to the current budget of the province or an increase of
P200 million.

The current budget of the province stand at P1, 387,000,000, which was more than P110 million compare to the 2011 budget( P1,277,000,000) despite the 4.7% decrease of the internal revenue allotment (IRA) share as announced by the Department of Budget and Management due to the 2009 shortfall of the internal revenue collection.

Go-Soco, however, declined to mention the salient features of the proposed budget as she said that it is still premature to disclose the details of the budget as the same has yet to be scrutinized by the members of the Sanggunian.

Earlier, the provincial board approved the proposed annual investment plan of the province amounting to P3,549,147,966.72, which was unanimously approved by the Provincial Development Council (PDC) in a meeting headed by Governor Jericho Petilla.

In the breakdown of the proposed budget, economic services got the biggest allocation (30.16 percent) with a total budget allocation of P1,069,600,443.06; followed by social services with proposed budget of P960,869,844.72 (27.10 percent) share on the AIP; statutory contractual and budgetary requirement with proposed budget of P737,64,542 (20.79 percent) of the AIP.

Other sectors that were allocated with proposed AIP budget are the general public service with P618,623,137 (17.44 percent), other services with a proposed budget of P92,250,000 (2.60 percent) and school board with a proposed budget allocation of P70,580,000 (1.01 percent). (Roel Amazona)

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Posted by lsde on Sep 10 2012. Filed under Second Story. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.