City gov’t eyes P3.13B annual budget for 2017 PDF Print E-mail
Saturday, 20 August 2016 11:44

The city government is expected to operate on a P3.13 billion budget next year with a projected income of P2.83 billion based on the proposed Local Development Investment Program (LDIP).

The 2017 annual budget marks an 11% increase compared with the current year’s budget of P2.82 billion.

A comparative review of the city’s annual budgets in the previous years showed that when Mayor Beng Climaco assumed office in 2013 the budget then was 2.19 billion.

The following year (2014), the budget was pegged at P2.43 billion or 10.96% higher that 2013.

In 2015, the city government was operating on P2.60 billion or 7.02% increase, and P2.82 billion in 2016 with 6.46% increase.

Under the LDIP, reviewed and endorsed by City Development Council (CDC) to the Sangguniang Panlungsod, budget carries an allocation of P1.6 billion for total capital outlay, of which P1.4 billion for infrastructure and P244,197.3 for r\equipment.

The technical hearings on the proposed 2017 executive budget continued Thursday with discussions focused on the requirements for maintenance and other operating expenses (MOOE) of the city’s different national high schools and vocational schools.

Mayor Beng Climaco and the City Finance Committee spearhead the hearings in a bid to finalize the budget and its eventual submission to the City Council for approval.— Vic Larato