P7.6-B 2018 bud­get ok’d

Sun.Star Davao - - TOP STORIES -

THE 18th Davao City Coun­cil ap­proved on third and fi­nal read­ing yes­ter­day the Sup­ple­men­tal Bud­get No. 2 for 2017, and the 2018 An­nual Bud­get.

The city coun­cil ap­proved yes­ter­day worth P7,639,481,158 an­nual bud­get of Davao City for 2018.

This will com­prise the to­tal bud­get for ex­pen­di­tures un­der the gen­eral fund proper, the eco­nomic en­ter­prises for the op­er­a­tion of mar­kets, slaugh­ter­house, Davao City Re­cre­ation Cen­ter, Magsaysay Park, ceme­ter­ies, Pasalubong cen­ter, and the an­nual de­vel­op­ment fund.

With the ap­proved amount, 81.6 per­cent or P6.2 bil­lion will be al­lot­ted for the gen­eral fund, 16.6 per­cent or P1.2 bil­lion will be al­lot­ted for the de­vel­op­ment fund, and 1.8 per­cent or P134,272,650 will cover the op­er­a­tional ex­penses of eight eco­nomic en­ter­prises of the city.

Gen­eral fund will cover the ex­pen­di­tures for statu­tory and con­trac­tual obli­ga­tions, and other lump sum ap­pro­pri­a­tions, per­sonal ser­vices, main­te­nance and other op­er­at­ing ex­penses and cap­i­tal out­lays of the de­part­ments, of­fices and units of the City Gov­ern­ment of Davao. The de­vel­op­ment fund will cover ex­pen­di­tures for in­fra­struc­tures and non-in­fra­struc­ture projects in­clud­ing debt ser­vic­ing for the en­su­ing year.

Based on the draft of the or­di­nance and the com­mit­tee re­port, which was ap­proved on sec­ond read­ing, the bud­get is ear­marked at P7.8 bil­lion a cer­ti­fied by the City Bud­get of­fi­cer from lo­cal sources and In­ter­nal Rev­enue Code.

But with this avail­able amount it was noted there will be an un­ap­pro­pri­ated bal­ance of P160,518,842 un­der the An­nual De­vel­op­ment Fund, and the Eco­nomic En­ter­prises in the amounts of P72,102,384 and 88,416,458, re­spec­tively This re­main­ing bal­ance needs an­other or­di­nance to be uti­lized.

Mean­while, aside from the an­nual bud­get, the coun­cil also ap­proved P714,668,560 worth Sup­ple­men­tal Bud­get 2 (SB 2) for 2017. KVC (For full story visit www.suns­tar.com.ph/ davao/)

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