Benitez submits 2023 budget proposal
Bacolod Mayor Alfredo Abelardo Benitez submitted a status quo annual budget of P3.250 billion for 2023.
This is the third time the city has reached the three-billion-peso mark, following P3 billion in 2020 and P3.25 billion in 2022.
Councilor Jude Thaddeus Sayson, chair of the Committee on Finance, said the committee hearings on the P3.250 billion annual budget will be scheduled after All Saints Day and All Souls Day. (https://bit.ly/3zqx2AS)
According to Sayson, the payroll of regular employees accounts for roughly 45 percent of the budget, followed by the Development Fund (20 percent) and the Disaster Risk Reduction Management Office (DRRMO) Fund, which is mandated by law.
The BacCHP is the most recent addition to the annual budget, with the mayor allocating an initial P50 million and a partial amount of P5 million for senior citizens, which can be increased as needed, he said.
The fund sources for the 2023 annual budget are P1,390,791,418 in local sources and P1,859,208,582 in National Tax Allotment.
The budget is divided as follows:
*Maintenance and Other Operating Expenses – P1,413,999,055 (43.51 percent)
*Personal Services – P910,710,570 (28.02 percent)
*Special Purpose Appropriation – P357,957,665 (11.01 percent);
’20 percent Development Fund – P357,841,720 (11.01 percent)
*Property, Plant and Equipment – P147,074,470 (4.53 percent); and
*Financial Expenses – P62,416,520 (1.92 percent).