Mindanaotoday.com | P7.8 B budget geared to kickstart CDO recovery
CAGAYAN DE ORO CITY – The P7.8 billion budget passed by the 20th City Council last Friday signified Cagayan de Oro City Mayor Rolando “Klarex” Uy’s commitment to kickstart the city’s economic development at the onset of 2023, a top administration official said.
“Due to challenges caused by the Covid-19 pandemic along with the inflation…in these times when our people suffer from high prices of commodities and the decline of our way of living, it is our leaders, our government that should take the initiative to create ‘economic propellers’ that could generate employment and support our sectors with services,” Councilor Ian Mark Nacaya said in Visayan.
During Monday morning’s flag-raising program, Uy thanked the 20th City Council for passing the P7.8 billion budget he proposed for next year.
A large chunk of the P7.8 billion or P6.82 billion will go to the general fund while P977 million will go to Special Account-Local Economic Enteprises/Utilities.
Next year’s budget is P300 million more than this year’s P7.5 billion budget.
‘Our mayor submitted the 2023 budget on time and the 20th City Council immediately convened as a committee of the whole to deliberate on our budget. (After much deliberation last Friday) the 20th City Council together with our City Hall department managers and the Local Finance Committee passed the budget,’ said Nacaya, also concurrent council majority floor leader.
Nacaya echoed Uy’s assurance that City Hall will sustain their outreach programs for the city’s indigent families through the ‘Klarex Nga Serbisyo Sa Baryo’ along with the Klarex administration’s initiatives to rejuvenate the city’s economy.
“Even with the country’s inflation rate of six percent, we need to fund more projects, infrastructure and programs (for our people of Cagayan de Oro),” Nacaya said.
In his Facebook page, administration Councilor Edgar Cabanlas confirmed that the council also approved the 2023 annual investment plan during their Monday afternoon session.
“(With this budget) I hope that everyone experiences the benefits of our economic programs of the Klarex administration,” Nacaya said. (Stephen Capillas | Cagayan de Oro CIO)
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