P119M enters Capitol’s coffers

CAPITOL yesterday received P119.7 million or 80 percent of its Internal Revenue Allotment (IRA) for January 2013.

The remaining 20 percent of Cebu Province’s IRA share will be released on Jan. 24, said Acting Gov. Agnes Magpale.

Cebu Province’s monthly IRA is P149,635,672.

Magpale said they deposited the check for P119,708,538 in the bank yesterday.

But even with the entry of fresh funds, Magpale said, casual employees of the Capitol, whose contracts were extended until the end of this month, will have to wait until the 2013 annual budget is approved next week for their salaries.

The Provincial Board session will tackle the 2013 budget proposal on Monday yet.

“Gi-una nato ang mga operating expenses and barangay sand and gravel share (We are using the funds for operating expenses and the barangay sand and gravel share first),” said Magpale.

Capitol gets a share of the revenues from barangay sand and gravel permits.

Magpale said even with the IRA share, Capitol still cannot pay all its payables.

She said earlier that Capitol’s payables reached more than P900 million.

She said Capitol will be paying the payables on a staggered basis, starting with the more immediate ones.

She said Capitol issued a check to pay for Vicente Sotto Memorial Medical Center patients’ care under its medical assistance program.