By Restituto Cayubit
TACLOBAN CITY – The Leyte provincial government has approved a more than P9 billion annual investment plan (AIP) to finance development projects for next year, a report from the Leyte governor’s office said here.
Gov. Leopoldo Dominico L. Petilla told Manila Bulletin the Provincial Development Council (PDC) approved the AIP during a meeting last week.
Petilla said the budget is higher by P480 million than the current P8.67 billion AIP.
Broken down, P5.9 billion will to economic services, P1.97 billion to social services, P1.64 billion to general public services and P332.62 million to other services.
“This will further push our Leyte Economics Program with the aim to end poverty in the province by 2022. By addressing poverty, we will be able to address issues of malnutrition, unemployment, food security, crime, congestion in cities, migration and a lot of other problems,” he said.
The program adopts a community-based approach to help poor and marginalized villages through packages of goods and services.
Petilla said the Leyte Economics Program will remain the province’s main economic strategy to bring poverty to single-digit figures by 2022.