The Aklan Sangguniang Panlalawigan (SP) through its Committee on Appropriations, Finance and Ways and Means calendared for hearings the P1.19 billion General Fund and Economic Enterprises Development Department (EEDD) Budgets of the provincial government submitted by Gov. Carlito S. Marquez.
The Provincial Local Finance Committee (PLFC) will brief the SP members of the goals and directions of the budgetary proposal including financial performance and expenditure trends during the previous years on Wednesday, November 13, 2012. By November 20, full blast hearings for every department’s budget proposals will start which are expected to last by the second week of December.
The proposed 2013 Annual Budget bears the theme, “Investing Quality Time and Resources With Local Partners, Be They Program Recipients or Co-implementers In An Effective Way of Achieving Good Governance”.
Regular (general) fund proposed budget carries total appropriation of P684,112,382. The budget for the operation of Aklan’s Economic Enterprises has a total outlay of P506,130,000.00. Of the total appropriation in the proposed budget, 15 percent or P99.4 million is earmarked for social services; P130.4 million or 19 percent for economic services; 49 percent, or, P338.1 million is allocated for general public services; 5 percent, or, P34.2 million is reserved for disater risk reduction and management; and 11 percent or P81.5 million for debt servicing.
Out of the total appropriation embodied in the regular(general) fund budget, some P597 million, or 87 percent is expected to be sourced from the Internal Revenue Allotment Share of the province; P12 million, or 2 percent, from Operating and Miscellaneous Revenues; and, P75 miilion, or 11 percent from local taxes.
Aklan is still classified as a 2nd class province. It is expected to become first class by next income classification of local government units (LGUs) due this year. During the last three years, Aklan was elevated to a “nominal” status as one of the “billionaire” provinces of the country in terms of annual budgetary appropriations.
Under the fold of its Economic Enterprises are the operations of the Dr. Rafael S. Tumbokon Memorial Hospital, the two district hospitals in Altavas and Ibajay and one hospital each in the towns of Libacao, Madalag, Buruanga, Malay and Boracay. Also under the EEDD are the Provincial Tourism Operations, Caticlan and Cagban Jetty Ports and Terminals, Construction Development and Quarrying Services, Provincial Academic Center, and Agri-Aqua Production Services. /MP
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