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PIA Press Release
2010/02/24

Agusan del Norte posts P505.17-M budget for 2010

Cabadbaran City, Agusan del Norte (February 24) -- The provincial government of Agusan del Norte posted P505.18 million budget for calendar year 2010.

The provincial government's budget is up by 13 percent this year as evidenced by the recently approved Provincial Ordinance No. 263-2009, known as the Annual Appropriation Ordinance of the province of Agusan del Norte for fiscal year 2010.

The budget will be used to fund the provinces operation, maintenance and other support services anchoring mainly on its share of the Internal Revenue Allotment (IRA) from the national government as source of income.

For 2010, the province's IRA is figured at P453.8 million with an increase of 15 percent compared to last year. This represents 90 percent of the total income.

Other sources of income are: hospital fees which represents five percent of the revenue, local taxes which is two and three percent for operating and miscellaneous revenue.

For expenditures, 36 percent shall be funded for economic services; 27 percent for health, nutrition and population; 25 percent for general services; and seven percent for social security and welfare, while five percent is reserved for calamity.

Also, allocated budget for the operation and maintenance of the Provincial Economic Enterprise Development and Management Office (PEEDMO) has increased by 8.03 percent or P12.29 million.

Agusan del Norte Gov. Erlpe John M. Amante on Wednesday said the 2010 budget was prepared after thorough deliberation with concerned offices and departments to make it an effective tool to equitably allocate the limited resources to different service categories.

He said it is primarily aimed for a higher and sustainable economic growth through reduction of income disparities, enrichment of social and cultural values, self-sufficiency in food through the agricultural programs, social justice, ecological and environmental enhancement and protection, security through protective services support, coupled with a more vigorous thrust in infrastructure development through national assistance.

"These budgets manifest our determination to lay a strong foundation for a greater and progressive Agusan del Norte," said the provincial chief executive.

Amante added the provincial government is aiming more and big income this year following the influx of new businesses such as mining industry and agriculture.

He further added that the provincial government is offering tax holidays to all new investors in the province. (muc/PIA-Caraga) [top]

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