Iloilo City gains P400 million savings

Iloilo City has P400 million savings.

The Iloilo City Government generated a total surplus of some P400-million.

In a program after the flag ceremony on Monday, Mayor Jerry P. Treñas said the gains were the results of good financial management last year.

“I would like to thank our department heads and employees because of austerity and prudent measures they have put in place that resulted to big savings,” Treñas stressed.

He said the savings will go into programs and projects that will benefit the Ilonggos. These include, among others, implementation of infrastructure projects, programs, and Salary Standardization Law 5 (SSL5) increase of City Hall’s regular employees.

Treñas previously announced infrastructure projects such as Iloilo City Hospital and dialysis center that would really make healthcare services accessible especially to poor residents of the metropolis.

The city will also put up P400 million multi-level legislative and parking building beside the city hall, a P38-million Iloilo City Action and Response (ICARE) command center, and a mid-rise condominium for city government employees.(Beatriz Angelica Pequierda/Iloilo City PIO)

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News and Media Blog in Iloilo City, Philippines.

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