Council approves P5.2B budget

-A A +A

Wednesday, December 4, 2013

THE City Council approved on final reading Tuesday the Davao City 2014 annual budget pegged at P5.16 billion, with the bulk going to the City Mayor's Office (CMO) with total appropriation of P1.5 billion.

The members of the City Council unanimously approved the annual budget, amounting to P5,165,430,052.

The appropriation of the entire budget consists of the general fund proper (P4,127,933.539), economic enterprises (P103,824,815), and development fund (P913,671,698).

Under the general fund proper, CMO takes the highest percentage of allocation since its budget includes the funds for the Peace and Order Program, the Central 911, Traffic Management, Lingap Program, and eight other units/offices.

The sources of funds of the annual budget is from local sources (local taxes, fees, permits and license income, service income, business income) with P2,107,785,000; economic enterprises with P124,950,000; and IRA with P2,932,695,052.

Meanwhile, an increase of P658,662,582 or 15 percent is reflected on the 2014 sources of funds as compared to the previous year, attributed to the increase in the Internal Revenue Allotment (IRA) for 2014 following an increased collection in internal revenue in 2011.

The IRA for 2014 is pegged at P2,932,695,052. It has increased by 12 percent or P305,950,782 compared to P2,626,744,270 in 2013.

Published in the Sun.Star Davao newspaper on December 04, 2013.

Local news

DISCLAIMER: Sun.Star website welcomes friendly debate, but comments posted on this site do not necessary reflect the views of the Sun.Star management and its affiliates. Sun.Star reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.

Forum rules: Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent and respectful. Do not shout or use CAPITAL LETTERS!
Holy Week 2014
Marginal Lives

FOREX: US$ 1.00 = PhP 44.619

Bangko Sentral ng Pilipinas

Philippine Lotto Results

Gamesort iconCombinations
Swertres Lotto 11AM8-9-8
Swertres Lotto 4PM4-5-2
Swertres Lotto 9PM6-0-7
EZ2 Lotto 9PM04-02

Today's front page

Sun.Star Davao's front page for April 24, 2014

Other front pages

Sun.Star Jobs
  • Sun.Star Zup!
  • Sinulog
  • goodearth
  • Technology
  • Festivals
  • Philippine Polls
  • Sunstar Multimedia
  • tell it to sunstar
  • SunStar Celebrity
  • Filipino Abroad
  • Pnoy
  • Pacman blog
  • Habemus Papam
  • ePaper
  • Calamity Report
  • Obituary