Province gets 1.5B budget for 2018 - Nueva Vizcaya, Philippines
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Province gets 1.5B budget for 2018

By on March 14, 2018

vizcaya reporter

Governor Carlos M. Padilla has perceived that the 2018 budget of the provincial government will challenge the PLGU officials to effectively implement programs that will benefit the poorest and the weakest in the province, as the Sangguniang Panlalawigan (SP), presided by Vice Governor Epifanio LD. Galima Jr., had approved the annual budget/local expenditure program (LEP) of the provincial government for Fiscal Year 2018 in the amount of P1,495,069,299.00.

The SP, along with the heads of offices, commits its unwavering support to this second budget of this administration which aims to bring equitable prosperity to all Novo Vizcayanos.

“The PLGU finances are in better shape. We have updated tax rates in order to increase our finances to deliver the much-needed services for our constituents,” Governor Padilla said.

The provincial government will spend more on infrastructure and social services. Government operations will be reorganized and make service delivery more efficient to give people the best value for every peso collected and spent.

The 2018 LEP will continue to give direction and bring equitable prosperity to all, making transport network reliable by increasing the length of pave roads that gives ease to people and promote inclusive growth among the populace, as it continuously increase and intensify the implementation and realization of the “Prayers N Faith” development agenda.

“Additional sources of local funds must be explored and developed. Our dependence from the Internal Revenue Allotment (IRA) share should be lessened, thus we will keep on conceiving new ways of gaining additional sources of income to finance our pro-poor programs and projects. It is also because of this that we must be prudent in the utilization of our local funds,” Padilla said.

Seventy five percent of the 2018 budget or P1,128,077,074 shall come from the IRA. Among the locally generated revenues, the income from hospitals increased from that of the current year’s expected revenue. The projected increase would come from the operations of the PLGU hospitals, particularly the operation of the new hospital building at NVPH, including the Diadi Emergency Hospital, additional medical diagnostic equipment and newly constructed facilities.

Because of the increasing development challenges and coupled with the opening of new opportunities from the private sectors, NGOs, MLGUs and national agencies which when properly harnessed and synergized with the province’s assets, the PLGU will be able to deliver the goals and objectives of “Prayers N Faith.” #bg