SP judgment on P350 M Capitol loan highlights special session
Or so it seems as the 9th Iloilo Sanggunian Panlalawigan (SP) sets this week the official disclosure of the committee report on the controversial P350 million loan of the Capitol. Read more »
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Total amount as stated is P1,087,843,625.00 broken down into P515,662,238.00 for Personal Services, MOOE of P294,634,280.00 and Capital Outlay of P44,950,000.00
replyThis year’s Capital Outlay was only at the P6.9 million mark or some P38 million for more next year.
Entered as first “business for first reading” in today’s provincial matters, the governor’s letter and corresponding approval request is expected to be referred to the SP Committee on Appropriations.
Further still is 2008 budgetary requirements of over P176 million in Capitol’s development fund, nearly P55 million in calamity fund and aid to barangay of P1.7 million.
At present, the Capitol is also on a P1.1 billion mark with the P973 million 2007 Executive Budget augmented by P138 million in supplemental budget. The latest P23.8 million supplemental budget still hangs though pending final nod of the SP body.