Talisay's annual invest plan ok'd

CEBU, Philippines - The 2013 Annual Investment Plan, which recommends P1 billion for proposed projects and plans for the Talisay City government, was endorsed by Councilor Rodi Cabigas and unanimously approved by the City Development Council at last week’s meeting that was presided by Mayor Socrates Fernandez. 

Cabigas, who is the chairman of the committee on appropriation, budget management and ways and means, said the CDC is a presentation of different proposed projects and plans of the city government from which different sectors are to choose programs or projects they wish to be aligned.

The process involves a series of activities, one of which is to tackle the Local Development Investment Plan (LDIP), which is a wish list of projects, and the AIP, the so-called priority list of projects as culled from the LDIP.

The LDIP is a three-year program and is usually tackled after a mayor is elected for a three-year term.

Under the AIP, the social services sector will get P372,643,400 from the total budget of P962,173,200.

The economic services sector has an appropriation of P362,696,500 and general services sector has an appropriation of P226,833,300.

Cabigas said it is also important to set aside 20 percent development fund and the Disaster Risk Reduction Management Fund because it’s important to set the plan in place before a calamity strikes.

A total of P28 million was allocated for its disaster preparedness or mitigation fund.

Republic Act 10121 or the DRRM Act of 2010 mandates the Local Disaster Risk Reduction and Management Council to come up with a Comprehensive Disaster Framework.

The law mandates the allocation of 5 percent of a local government unit’s revenues for its DRR fund.