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Aklan SP reviews Malay P310-M 2013 budget

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KALIBO, Aklan – The boom in tourism because of Boracay Island can do wonders to a local government unit like Malay which has jurisdiction over the paradise island.

The Sangguniang Panlalawigan of Aklan and the Provincial Local Finance Committee(PLFC) are currently reviewing the P310-million 2013 budget of Malay, recently submitted. It is about P90 million more than its 2012 budget of P220 million.

Malay’s budget can approximate the combined annual budgets of five lower class municipalities of Aklan and is about 50 percent more than the proposed P209 million 2013 budget of the capital town of Kalibo.

The proposed 2013 annual budget of Malay is about equal the annual budget of the province of Aklan nine years ago.

Aklan has a P1.19-billion budget for 2013.

Malay is only 21 percent dependent on its share from Internal Revenue Allotment (IRA) of P64.94 million. It is made more than financially alive from its local non-tax revenues of P160.42 million and local tax revenues of P84.13 million.

Its proposed program expenditures are P158 million for general public services, P24.19 million for social services, P38.48 million for economic services, P73.73 million for other services, and P15.5 million for disaster risk reduction and mitigation.

As of this month, seven municipalities of Aklan have submitted their proposed 2013 annual budgets for SP review: about  P59-million general fund and economic enterprise budgets of Altavas; P61.7-million general fund budget of Balete; P49.8-million general fund and economic enterprise budgets of Buruanga; P209-million general fund and economic enterprise budget of Kalibo; P58.9-million general fund budget of Madalag; P50.5-million general funds and economic enterprise budgets of Tangalan; and that of Malay.

Also because  of vibrant business environment in Boracay Island, the Bureau of Internal Revenue in Aklan has exceeded the P1-billion tax collection in the province of Aklan./PN