Capitol kicks off '08 expense at P1 billion mark
The Province of Iloilo is off to start its operations in 2008 with a planned Executive Budget of over P1 billion.
The amount is some P114 million more from this year's initial Capitol expense fund then pegged at P973, 198,797.00. The increase will be in Personal Services expenditures and the Capitol's Maintenance and Other Operating Expenses (MOOE).
Governor Niel Tupas in a letter sent to the 9th Sanggunian Panlalawigan (SP) is seeking for "legislative consideration" and corresponding approval.
Total amount as stated is P1,087,843,625.00 broken down into P515,662,238.00 for Personal Services, MOOE of P294,634,280.00 and Capital Outlay of P44,950,000.00
This year's Capital Outlay was only at the P6.9 million mark or some P38 million for more next year.
Entered as first "business for first reading" in today's provincial matters, the governor's letter and corresponding approval request is expected to be referred to the SP Committee on Appropriations.
Further still is 2008 budgetary requirements of over P176 million in Capitol's development fund, nearly P55 million in calamity fund and aid to barangay of P1.7 million.
At present, the Capitol is also on a P1.1 billion mark with the P973 million 2007 Executive Budget augmented by P138 million in supplemental budget. The latest P23.8 million supplemental budget still hangs though pending final nod of the SP body.