By Dominic B. dela Cruz (Staff Reporter) Laoag City —The city government of Laoag has proposed PHP910,121,177.48 million annual budget for 2021, an amount lower compared to this year’s budget of PHP928,331,364.63, or a decrease of PHP18 million or 1.96 percent. The local finance committee said the proposed 2021 budget was a result of a “thorough study, review and evaluation” on the proposals of the different offices of the city government. According to the said committee, the decrease was due to the effects of the coronavirus disease 2019 (COVID-19) pandemic, which slowed collections on local sources since the national government declared a public health emergency in March 2020. The economy started to slow down as a result of the sudden closure of business establishments and other sources of income. The budget was adopted using the mechanism of a participatory budgeting to “ensure prudent, transparent and accountable allocation and use of the public funds to improve the q
Online edition of The Ilocos Times, a community newspaper based in Laoag City, Ilocos Norte.