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Manila Bulletin devider Philippines devider Parañaque City sets P11.3-B budget for 2023

Parañaque City sets P11.3-B budget for 2023

Published Dec 26, 2022 11:04 am

Parañaque City Mayor Eric Olivarez announced the city government has set a P11.3-billion budget for 2023, a slight increase from P11.1-billion budget in 2022.

“We are happy to announce that, despite the pandemic and the economic difficulties we all encountered, the city government remains in a good position to continue providing basic socio-economic services to our constituents,” the mayor said.

Olivarez said the city government shall continue to prioritize the programs in education, health, assistance to the poor and disadvantage sectors, as well as infrastructure development and other basic services, to ensure the city continues to grow and prosper in the coming years.

The mayor said he will also focus on making Parañaque City more business-friendly to attract more investments that, in turn, will ensure the city’s robust financial position in the years to come.

Among Olivarez’s priorities include the provision of more stimulants for economic recovery through infrastructure development and investment promotions, enhanced health services, and more support for schools and allowances for public school students.

He also plans to develop more parks and green spaces, improve disaster preparedness and response, increase support for senior citizens and persons with disabilities, and better programs for the youth such as sports and other cultural activities.

Parañaque City’s 2023 budget consists of the General Fund with P10.2 billion and the Special Education Fund or SEF with P1.1 billion.

The General Fund covers personal services like salaries and wages, maintenance and other operating expenditures, health and other basic social services, as well as disaster preparedness and economic programs, among others.

The SEF, on the other hand, comes from the additional one percent tax assessed on real properties located within the local government unit. It is used to operate and maintain public schools, construct and repair school buildings, fund research, and purchase books and periodicals, among others.

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mayor Eric olivarez metro news parañaque city
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