Iloilo City eyes P2.1-billion budget in 2017

The Iloilo City Government is eyeing P2.1-billion budget for 2017 Executive Budget, an increase of P600-million from this year’s P1.5-billion fund.

Mayor Jed Patrick E. Mabilog credited the city’s sound fiscal standing to good governance as well influx of investments in the metropolis which translate to higher revenue collections, and in turn help deliver projects, programs and public services to the people.

“Our concerted efforts given have produced positive results. The success of our peace and order, anti-drug campaign, streamlining of permit processing, City Hall efficiency and investors’ confidence all contributed to achieve our proposed budget,” stressed Mabilog.

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“We have attracted more investments and our revenues are up. This explains what the City Government has been doing successfully and the current development. We have to continue to do our jobs to have more investors. More than the awards we get, the additional budget means a lot,” he added.

The Executive Budget was submitted to the City Council for approval before the Oct. 16 deadline.

Meanwhile, the mayor noted the city stands to lose some P26-million Internal Revenue Allotment (IRA) share because of adjustment and creation of more cities taking their portions of such fund. [via Iloilo City PIO]

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