My Google Page Rank

Gov’t to increase Q2 ’11 spending

PDFPrintE-mail

Budget and Management Secretary Florencio Abad vows to increase spending in the second quarter this year following the below-target expenditures in the first three months of 2011.

"I don’t mind breaching our expenditure program for the second quarter since we underspent significantly in the first,” he said.

The government has set a P407 billion expenditure program for April to June this year.

From January to March this year, the government spent P349.3 billion, P82 billion lower than the P431.3 billion set for the quarter and 12.68 percent lower than year-ago’s P400 billion spending level.

Abad, however, indicated the possibility of another below-than-target spending for April because of delays in the project implementation along with lower borrowing cost.

“I won’t be surprised if spending was much lower than programmed,” he noted.

Abad, on the other hand, pointed out that non-achievement of the spending target came positively with the improvement in revenue collection and resulted in lower budget deficit.

In the first quarter this year, the budget gap amounted to P26.2 billion, P85.8 billion lower than the P112 billion ceiling set for the three-month period and 80.48 percent lower than year-ago’s P134.2 billion.

Earlier, Abad said they are now checking the reason for the “cautious spending” implemented by government agencies in the first quarter this year citing that disbursements during the period is 19 percent lower than target amid the frontloading of budget.

He said 51 percent of this year’s P1.645 trillion obligation program has been released as of end-March but the agencies’ utilization of Notices of Cash Allocation (NCAs) during the period amounted to P211.3 billion, or only 82.1 percent of the P257.2 billion issued.

“So far, indications point to more caution exercised by agencies in planning and spending funds allotted to them. Agencies also had to review their cost assumptions so that programs and projects they will implement reflect more realistic costs,” he added.

By Joann Santiago -PNA




Related news items:
Newer news items:
Older news items:

Add comment


Security code
Refresh

ZAMBOANGA CITY WESTERN EAGLES CLUB SPORTFEST

23 Jul 2017 Hits:61 Be the first to comment!

Este el  TFOE Philippine Eagle WMR -3  ZCWEC Basketball League que ya encabesa el Presidente de ZCWEC  Eagle  Jimmy  U. Cabato y el Tournament Manager si Eagle Allan E. Lagumbay . El Basketball Tournament ta composita12 Teams naentero Region 3 de Western Mindanao , Este el : 1. Zamboanga City Central Eagles Club 2. Zamboanga City Eastern Eagles Club 3. Zamboanga City Metro Eagles Club 4. Zamboanga Hermosa Eagles Club 5. Zamboanga Western Eagles Club 6. Tungawan Western Eagles Club 7. Ipil Eagles Club 8. Kabasalan Eagles Club 9. Alicia Eagles Club 10. Titay Eagles Club 11. Sibuco Eagles Club 12. Siocon Eagles Club El ya sale ganador : Champion – IpilEC , 1st Runner Up – Zamboanga City Central Hermosa EC y 2nd Runner up – Zamboanga City Hermosa EC. Individual Awards: Best [...] Read more

Prev Next Page:

SPEED FIRE... RONNEL

21 Jul 2017 Hits:78 Be the first to comment!

Este si Ronnel Ivan Lao Basiri, conosido na nombre “Ronnel” , 22 años de edad, 5’7” el altor , soltero y residente de Tetuan , Ciudad de Zamboanga .Si Ronnel [...] Read more


Mayor, security sector meets with Maranao leaders

20 Jul 2017 Hits:109 Be the first to comment!

Mayor Beng Climaco and the security sector met with leaders of the Maranao community in Zamboanga to discuss issues pertaining to the ongoing Marawi crisis, the condition of Maranao families [...] Read more


D’ FAST and D’ FURIOUS... KAN

20 Jul 2017 Hits:87 Be the first to comment!

Este si Hemill Kan Lao Basiri , ta llama conele na palayao “KanKan”, 25 años de edad, 5’5” el altor, y residente de Tetuan , Ciudad de Zamboanga . Su [...] Read more


Man hacked by neighbor

19 Jul 2017 Hits:88 Be the first to comment!

A man was hacked by his neighbor near Jumbo Bridge in Barangay Guiwan, this city, on Sunday night. The victim was identified as Jimmy Delos Reyes Viray, 39, single, a resident [...] Read more


D’ SLASHER... BRYAN

19 Jul 2017 Hits:80 Be the first to comment!

Este si Bryan Russel Balansag Animos , ta llama conele “Bryan “, 26 años de edad, 5’10 el altor , soltero y residente de Pasonanca Ciudad de Zamboanga . Su [...] Read more


D’ QUICK BROWN FOX … Rhon Rhon

18 Jul 2017 Hits:100 Be the first to comment!

Este si Ronnel  Tatud Daruca , ta llama conele na palayao “Rhon Rhon”, 28 años de edad , 5’8” el altor , soltero y residente de Tumaga , Ciudad de [...] Read more


D’ HAWK... ALVIN

17 Jul 2017 Hits:97 Be the first to comment!

Este si Alvin John Bernardo Munio , ta llama conele “Alvin”, 31 años de edad, 6’1” el altor , y residente de Caragasan , Maasin , Ciudad de Zamboanga . [...] Read more


DOLPHIN MOVES... JUN JUN

16 Jul 2017 Hits:130 Be the first to comment!

Este si Angelito Surjedo Pacatang Jr., ta llama conele na palayao “Jun Jun” , 26 años de edad , 5’8” el altor y residente de Callejon Drive . Guiwan , [...] Read more


(Sharing Time) There’s no end of the world, but only..

16 Jul 2017 Hits:97 Be the first to comment!

TO disabuse the minds of many, there’s no destruction of our planet Earth in its physical form. The earth won’t at all go kaput or be devastated into pieces. The [...] Read more


IRON MAN PLAYER… Modz

15 Jul 2017 Hits:103 Be the first to comment!

Este si Modivar Mabolo Enriquez, ta llama conele na palayao “Modz”, 36 años de edad,  5’10” el altor, casao y su esposa si Leslie Morales Enriquez, diila mga anak si [...] Read more


Man stabbed in Ayala

15 Jul 2017 Hits:109 Be the first to comment!

A man was allegedly stabbed while walking with his common-law-wife in Dumagsa, Barangay Ayala, this city, on Wednesday night. Reports coming from Police Station 9 identified the victim as Jessie Dagooc [...] Read more


CHO withholds occupancy permits for Z3R housing units

15 Jul 2017 Hits:87 Be the first to comment!

The City Health Office has withheld its recommendation for the issuance of occupancy permits for the housing projects under the Zamboanga City Roadmap to Reconstruction and Rehabilitation (Z3R) due to [...] Read more


Driver surrenders to soldiers after bumping girl on road

14 Jul 2017 Hits:115 Be the first to comment!

For fear of retaliation from the family of his victim, a Public Utility Van (PUV) driver surrendered to the members of the Philippine Marines manning a checkpoint at Barangay Muti, [...] Read more


WILD CAT MAGIC… DASH

14 Jul 2017 Hits:105 Be the first to comment!

Este si  Esa, Al-Daser Hajiri , ta llama conele na palayao “Dash”, 22 años de edad, 5’10” el altor y residente de Armor Village, San Jose Gusu Ciudad de Zamboanga [...] Read more


D BARKER… SAN SAN

13 Jul 2017 Hits:112 Be the first to comment!

Este si Ensan Wil Delos Santos, ta llama conele na palayao “San San”, 24 años de edad, 5’6” el altor , casao y su esposa si Reivarie Joyce T Reyes [...] Read more


Zambo qualifies for WWF’s ‘One Planet City Challenge’

13 Jul 2017 Hits:109 Be the first to comment!

Zamboanga City is one of the ten cities in the country that has successfully qualified to join in the 2017-2018 edition of the World Wide Fund for Nature’s (WWF) ‘One [...] Read more


Zamboanga team to 1st HDWOC bags 11 medals

11 Jul 2017 Hits:120 Be the first to comment!

Zamboangueño weightlifters who participated in the 1st Hidilyn Diaz Weightlifting Open Championship (HDWOC) held at the Meralco Fitness Center in Ortigas, from July 8-9 brought home a total of 11 [...] Read more


D ENFORCER ….. JUK

11 Jul 2017 Hits:117 Be the first to comment!

Este si Eddie Mar Chan Santos, conosido na nombre “Juk”, 30 años de edad , 5’11” el altor, casao cun Laureen P. Santos y residente de Km7, Pasonanca, Ciudad de [...] Read more