THE city council has approved the city hall’s annual investment program for 2020 on Monday.
The investment program was endorsed by Mayor Oscar Moreno to the city council after it was approved by the City Development Council through Resolution No. 4.
The 2020 investment program is an annual component of the City Development Investment Program (CDIP) for 2020 to 2025. As provided by law, it provides the basis to operationalize the city government’s developmental programs and projects that are identified in the 2020-2025 Comprehensive Development Plan.
The CDP and the CDIP have been approved by the City Development Council.
Moreno said the documents were prepared pursuant to existing planning and investment programming guidelines of oversight national government agencies like the National Economic and Development Authority, Department of the Interior and Local Government (DILG), and the Department of Budget and Management (DBM), and within the timeline prescribed by the DILG through its Synchronized Local Planning and Budgeting Calendar.
“As the annual component of the overall CDIP 2020-2025, the AIP 2020 is the basis in the preparation, review, and approval by the city government’s annual budget for the year 2020. The programs and projects indicated in the AIP 2020 are intended to sustain the gains that we have mutually achieved during the incumbency of this administration, especially in uplifting the quality of lives of the Kagayanons,” Moreno said.
The AIP was reviewed and endorsed by the committee on planning and development and laws and rules, both chaired by Councilor Ian Mark Nacaya. (SP)
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