Sunday, March 05, 2006
Council okays P740M budget for Baguio
THE City Council of Baguio has finally approved the executive budget amounting to P740 million for this year, which is P21 million higher than last year's budget of P720,766,000.
The estimated income will come from the beginning balance of P62,110,716; local taxes amounting to P209,450,000; permits and licenses, P14,305,000; service income, P26,350,000; business income, P56,070,000 and other income of P122,423,036; and Internal Revenue Allotment (IRA), P249,291,248.
The expense category is distributed as follows: P303,476,171 for personal services; P299,623,324 for maintenance and other expenses; P136,900,505 for capital outlay.
The City Council's approval came after the submission of the Annual Investment Plan (AIP) that was completed after a thorough verification and prioritization of the projects.
"The AIP should be responsive to the sectoral needs and to ensure this, a prudent verification of project proposals was done," said Mayor Braulio Yaranon.
The AIP took time to complete due to the extensive prioritization process and the admitted delay in the barangay's submission of their lists of projects.
In his message, Yaranon said of the three sectors -- general, economic and social aspects -- the budget has put emphasis on social services.
"Despite limited resources, we continue to bring forth development in the city that is pro-people and pro-environment. The thrust over the medium term will put emphasis on good governance in support to human development, sustainable environmental management and a more aggressive promotional strategy to boost the city's economy. All of these initiatives will be sustained in partnership with the barangays," he said.
"With the challenges that beset our beloved Baguio City, we must necessarily be as prudent and conscientious in our spending and be more innovative in financing those programs that will yield optimum results," the mayor added. (AR)
(March 5, 2006 issue)
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