Budget for Province’s annual investment plan is nearly half its IRA for 2012-A A +A
Thursday, October 20, 2011
THE Cebu Provincial Government is proposing an annual investment plan that is almost half its Internal Revenue Allotment (IRA) for 2012.
The Capitol’s annual investment plan (AIP) for 2012 lists development projects that cost P776 million, nearly 50 percent of its IRA for that year of about P1.6 billion.
The AIP is part of Capitol’s proposed budget for 2012, amounting to P3.6 billion.
Section 287 of Republic Act 7160, also known as the Local Government Code of the Philippines, provides that local government units should allot in its annual budget “no less than 20 percent of its annual IRA for development projects.”
Gov. Gwendolyn Garcia earlier assured that the funding for the AIP will not come solely from the Province’s IRA.
Provincial Budget Officer Emme Gingoyon said the AIP is broken down into general public services, amounting to P2 million; social services of P481 million; and economic services, P293 million.
In terms of allocation, the biggest project under the AIP is the water supply development program under social services, with P256 million.
This is followed by airport, seaport, reclamation and other economic enterprise sites, with a P170-million allocation.
Construction and furnishing of birthing centers and hospitals are allotted P160 million.
Environmental enhancement, resource protection and solid waste management gets P10 million, while Malapascua and other tourism resort development projects are allotted P2 million.
Published in the Sun.Star Cebu newspaper on October 20, 2011.