Mayor John Dalipe signs into law Ordinance 751 or the Fiscal Year 2023 Executive Budget amounting to P4.9 billion, the first under his administration.
The mayor signed the budget Monday afternoon at the City Hall conference in the presence of Vice Mayor Josephine Pareja and the members of the City Council.
Also signed into law was Ordinance 752 or the Plantilla ordinance which identifies/ creates the different plantilla positions under the City Government.
The 2023 budget however is 12.51% lower than last year’s budget in view of the significant drop in the city’s National Tax Allocation (NTA), formerly known as the Internal Revenue Allotment.
Dalipe said the 2023 Executive Budget embodies the thrusts and programs of his administration through the joint efforts of stakeholders and the different civil society organizations.
Key priorities of the budget are programs on infrastructure, agriculture, food security, strengthened tourism, job creations, sports development, environmental conservation efforts, disaster response and housing assistance among others.
The social services sector is still the largest beneficiary of the budget with a significant share of 47% at P2.35B, followed by General Services sector with a share of 36% at P1.74B and economic services with a share of 17% or P838.46M.
Sources of the of the budget are derived from Estimated Local Revenues and Other Funding Shares from the National Government – local taxes (P807,585,000.00); NTA (P4,090,702,230.00); PCSO (P4,600,000.00) and economic zone (P2,000,000.00).
After the signing of the budget, the same will be returned to the City Council for endorsement to the Department of Budget and Management (DBM) for review and final approval for it to become operative. (Sheila Covarrubias)