TACLOBAN CITY – The province of Leyte has more than P8.6 billion for its Annual Investment Plan (AIP) to fund programs and projects for 2019.
Leyte Governor and chairman of the Provincial Development Council Leopoldo Dominico Petilla told Leyte Samar Daily Express, in an interview, that this year’s annual investment plan is higher than last year.
In 2018, the AIP of the province was only P7.60 billion.
Petilla reported that part of the 2019 AIP is the approved executive annual budget for 2019 of the provincial government in the amount of P2,968,467,167.
The 2019 AIP funding requirements and percentage distribution of the various projects, programs and activities being implemented per sector include: the P4,927,720,583.70 for economic services which is 56 per cent of the AIP; the P1,985,557,685.21 for social services which is the 22 percent; the P1,740,941,400 for general public services comprising 20 percent; and the P25,400,000 for special education fund which represent only 0.29 percent, Petilla said.
The funding for the 2019 AIP is taken from the provincial general fund of P2 billion annual internal revenue allotment (IRA); funding from government agencies, projected foreign assistance, 20 percent of its annual IRA; Rehabilitation and Improvement Program (CMGP) of the Department of Interior and Local Government; the Special Education Fund (SEF) and other sources such as the Conditional Matching Grant to Provinces for Road and Bridge Repair; and other funding facilities of foreign development institutions and other development partners.