Parañaque unveils P11.3B ‘23 budget
Olivarez said that despite the pandemic and the economic difficulties, the city government remains in a good position to provide basic socio-economic services
Daily TribuneOlivarez said that despite the pandemic and the economic difficulties, the city government remains in a good position to provide basic socio-economic services
Parañaque City Mayor Eric Olivarez has announced a P11.3-billion budget for 2023, slightly up from the P11.1 billion budget of the city in 2022.
Among the priorities of the city are to develop more parks and green spaces, improve disaster preparedness and response and increase support for senior citizens and persons with disabilities.
The city will also focus on better programs for the youth, including sports and cultural activities, Olivarez said.
Olivarez said that despite the pandemic and the economic difficulties, the city government remains in a good position to continue providing basic socio-economic services.
Parañaque's 2023 budget consists of a P10.2 billion General Fund and a P1.1 billion Special Education Fund.
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.
On the other hand, the SEF comes from the additional one percent tax assessed on real properties located within the local government unit.