Wednesday, December 22, 2010

SP Approves P976.4 Million 2011 Budget

Kalibo, Aklan- The Sangguniang Panlalawigan of Aklan has finally approved the annual budget for 2011 of the provincial government of Aklan appropriating a total of P976,436,012 under the General Fund, Economic Enterprise Development Department and the 20% IRA Development Fund.

The approval of the 2011 budgets of the province was carried out by the provincial legislative body during its 4th special session for the year last Tuesday, December 21, after the marathon budget hearings started since November 12.

Presided over by the Vice Governor Gabrielle V. Calizo-Quimpo, the SP authorized the 2011 General Fund Budget with total appropriations of P587, 989,907 through Appropriation Ordinance No. 2010-040.

Appropriation Ordinance No. 2010-041 further authorized the 2011 EEDD Budget carrying total appropriations of P388, 446,105.

Likewise, the SP passed Appropriation Ordinance No.2010-042 authorizing the implementation of provincial programs and projects under the 20% Internal Revenue Allotment (IRA) Development Fund with total appropriations of P103,399,963.20.
During the same special session, the SP further authorized the release of more than P16 Million to pay the yearend bonuses of the provincial government employees at P3, 000 for each causal worker, P10, 000 for each regular employee and P20, 000 each for department heads and elected officials.

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