TACLOBAN CITY, Nov. 14 (PNA) –The Leyte Provincial Development Council (PDC) approved the Php10.22 billion 2015 annual investment plan (AIP)
Of the Php 10.22 billion for 2015 AIP, Php 7.24 billion for economic services, Php 747 million for social services, Php 896.14 million for contractual and budgetary requirements, for Php 64.5 million for special education fund (SEF) and Php 35.25 million for other services.
The amount will be sourced out from the general fund of the province, 20 percent of its annual internal revenue allotment, the special education fund (SEF).
Other fund sources include the Reconstruction Assistance on Yolanda from the Department of the Interior and Local Government (DILG), rehabilitation fund of national government agencies, other funding facilities of foreign development institutions and other development partners.
The AIP constitutes the indicative yearly expenditure requirements of the provincial government for programs, projects, and activities, consisting of the annual capital expenditure.
It will also finance regular operating requirements of the province for personal services, maintenance and other operating expenditures (MOOE) capital outlay, statutory and contractual obligations and other budgetary requirements.
The AIP also contains the programs, projects and activities that will be funded by the SEF of Leyte province.
AIP is no longer limited to programs, projects and activities that will be funded by the local development fund, which is 20 percent of the annual IRA of the local government.
PDC members also approved the Php 461.12 million Leyte’s supplemental AIP for 2014. The amount will be sourced out from the savings derived by the province in its General Fund as well as national fund in flow such as RAY fund from DILG, and other development partners. (PNA)