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PIA Press Release
2009/06/04

Gov't programs, projects in Northern Mindanao get P626-M fund allocation

by Rutchie Cabahug-Aguhob

Cagayan de Oro City (4 June) -- A total of P625.612 million have been allocated for all the government programs/projects in Region 10, but only P191.854 million had been considered spent or obligated, as of April 30, 2009.

"This has placed the fund utilization rate (FUR) at an average of 30.67%," said Pacifico T. Pupos, Jr., Presidential Assistant for Northern Mindanao, during the 82nd full council meeting of the Regional Development Council (RDC), Region 10, held in Camiguin Island-Province, recently.

Pupos said projects listed under the Comprehensive Livelihood Emergency Employment Program (CLEEP) had an allocation of P354.849 million, but only P139.034 million was obligated placing the FUR at 39.18%.

However, other projects enrolled by the government agencies not listed under the CLEEP in the region had an allocation of P270.763 million, but only P52.619 million was obligated placing the FUR at 19.51%.

The financial accomplishment of projects is determined in terms of the level of fund utilization derived by calculating the portion of expenditure/obligation over the fund allocation, Pupos said.

Meanwhile, he said projects listed under the CLEEP framework in the region included the following: Farm to Market Road Construction and Roadside Maintenance through the Out-of-School Youth Serving Towards Economic Recovery (OYSTER).

KALAHI Cash-for-Work and "Tulong Panghanapbuhay sa Ating Disadvantaged Workers (TUPAD)," Financial Assistance and Microfinance for Expatriates (FAME) and Organic Fertilizer Production.

Microfinance by the Comprehensive Agrarian Reform Program Beneficiaries, particularly, the Microfinance Capacity Development Program (MCDP), Micro Agri-Loan Product (MALP) and DAR-SNLF Livelihood Credit Assistance Program.

Irrigation Repair for Irrigated Ricelands, Irrigated Services for the Livelihood Advancement of Fisherfolks (ISLA), "Bantay Dagat," "Bantay Gubat" and Goat Dispersal.

Grassroots Enterprises for Employment in Tourism (GREET), Clean and Green Project, Repair of health facilities through OYSTER and TUPAD and Self-Employment Assistance-Kaunlaran (SEA-K) for "Botika sa Barangay." (PIA-10) [top]

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