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Leyte council approves P7.6 B investment plan for 2018

TACLOBAN CITY- More than P7.6 billion worth of projects and programs have been approved by the Provincial Development Council(PDC) of Leyte for its annual investment program(AIP) for next year.
The funding of the AIP, which will serve as the basis for the annual budget of the province, will come from its P2 billion annual internal revenue(IRA) as well as funding from government agencies, to include rehabilitation funding due to super typhoon ‘Yolanda’ and projected foreign assistance.
The 2018 AIP was approved by the members of the PDC, which is chaired by Governor Leopoldo Dominico Petilla, during their October 2 meeting.
Nex year’’s AIP is higher compare to the current P7.1 billion.
The P7,602,260,934 AIP will then be submitted to the provincial board for its approval.
Petilla said that next year’s AIP includes the required tagging tracking of the climate change expenditures of the programs, activities, and projects in the local budget.
The programs, activities, and projects on the AIP are categorized under the general public services, economic services, and social services.
Under the P7. 6 billion AIP for next year, economic services gets the huge chunk of the budget at P3.94 billion followed by general public services at P1.31 billion; and social services at P1.94 billion.
About P110.2 million has also been earmarked for the special education fund under the 2018 AIP. (LIZBETH ANN A. ABELLA)

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