City council OK’s P427.5M budget for 2008
The Dagupan City council approved in its special session on Monday a P427.5 million budget for Dagupan in 2008.
The approved budget is P52 million higher than the P375 million budget last year.
Stressing that the budget is realizable, Councilor Danilo Torio, chair of the committee on finance and appropriations, pointed out that the bigger 2008 budget was arrived at owing to the anticipated P44 million increase in the city Internal Revenue Allotment (IRA).
Mayor Alipio Fernandez Jr. and Vice Mayor Belen Fernandez said much of the budget will be spent to make Dagupan City both child-friendly and business-friendly.
This year’s budget, according to Torio, will be financed from the P211,580,529 million IRA, comprising 50 percent of the whole budget; P68,149,471 or 19 percent from miscellaneous revenues; and P147,330,000 or 34 percent from local taxes.
The budget is distributed into the following: General Public Service, P189,541,812, 44 percent; Health, Nutrition and Population Control, P27,738,000, 7 percent; Social Security, Social Services and Welfare, P18,870,246, four percent; Economic Services, P106,368,942, 25 percent; Debt Servicing, P60,000,000, P14 percent; Aid to Barangay, P3,131,000, one percent; and P21,350,000 or five percent reserve for calamity.
Councilor Michael Fernandez, vice chairman of the committee on finance and appropriations, joined Torio in defending the increased budget.
He said the council also took into consideration the needs of every department of the city in consonance with the growing needs of the people of Dagupan.
MALIMGAS RENT FEE
Fernandez said the high cost of rentals pegged by the previous administration is the main reason for the low occupancy in the three-year old Malimgas Public Market saying.
He said he favors full occupancy with lower stall rental fees to stimulate economic growth in the city. —LM
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