ILOILO CITY PASSES P2.2-B BUDGET FOR 2018

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Iloilo City government’s budget of more than P2.2 billion for 2018 was approved by the City Council during its regular session on Tuesday. Mayor Jose Espinosa 3rd said the 2018 budget is higher by 10.6 percent compared with the 2017 budget. Councilor Eduardo Peñaredondo, chairman of the appropriations committee said next year’s budget contains Special Purpose Appropriation, P797,169,087 or 36 percent; Personnel Service, P718,098,780 or 32.5 percent; Maintenance and Other Operating Expenses, P672,937,865 or 30.4 percent; and Capital Outlay, P24,434,309 or 1.1 percent.

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