Senator Christopher “Bong” Go has pushed key amendments to the national budget, focusing on the Cooperative Development Authority in a bid to strengthen the cooperative sector in the Philippines.

President Ferdinand Marcos Jr. signed the 2024 General Appropriations Act on 20 December 2023.

This year’s budget amounts  to P5.768 trillion.

The CDA was granted an additional P20 million through Go’s efforts, marking a substantial increase in support for the crucial sector.

Funding is earmarked for the Human Capital Development Program for Cooperatives, aimed at enhancing the capabilities of qualified cooperatives.

“The heart of a strong nation lies in its communities. By empowering our cooperatives, we’re not just supporting small businesses; we’re strengthening the backbone of our local economies,” Go said.

Go’s move aligns with his commitment to fostering sustainable community development towards inclusive economic recovery.

The Human Capital Development Program for Cooperatives is expected to provide financial assistance and capacity-building initiatives, enhancing the skills and competencies of cooperative members.

“Cooperatives play a pivotal role in our nation’s progress. This additional funding will enable them to expand their services, reach more people, and most importantly, contribute significantly to our country’s overall economic development.

Go co-authored Senate Bill  1855, now Republic Act 11535, signed into law by former president Rodrigo Duterte in 2021. The law mandates the appointment of cooperative development officers in all local government units, further bolstering the cooperative movement in the country.

“This is just the beginning. We will continue to identify and support initiatives that bolster our cooperatives. Their success is the nation’s success,” concluded Go.