MinDa bats for P1.35 trillion budget share for 2019-2022Posted on
DAVAO CITY, Philippines — Mindanao’s lead agency for socio-economic development continues the call for an equitable budget share for the island-region to achieve greater impact on poverty reduction and economic growth.
Mindanao Development Authority chairperson Secretary Datu Abul Khayr Alonto appealed to lawmakers to increase the budget allocation to Php 1.35 trillion, to be spread in the next four years.
Alonto said increasing the budget share for Mindanao would mean cathing up with the Dutertenomics target of boosting the island-region’s economy by 7 to 8 percent, and reducing poverty to 20 percent by year 2022.
Mindanao was allocated 416 billion or 12 percent of the national budget for 2017.
During the budget presentation, Alonto emphasized “For us in Mindanao, getting tired is a luxury we cannot yet afford. So we will continue to knock on your doors until we get what Mindanao rightfully deserves.”
The budget increase advocacy of MinDA primarily focused on the prioritization of sustainable infrastructure development the fully supports development of industries, SMEs, ecotourism, and other projects that contribute more to poverty alleviation.
The proposed budget includes:
Php 603 billion addition fund for priority programs and projects under the Mindanao Development Corridors (MinDC), including Mindanao-wide land transport connectivity, Mindanao gateways, and the Trans-Mindanao-High- Speed Railway system
-Tawi-Tawi Freeport and Economic Zone;
-Picong Freeport, Airport, and Industrial Estate;
The next segments of the Trans-Mindanao HighSpeed Railway Project, and
The establishment of Agri-Economic Cooperative Zones in the Bangsamoro areas to address food security.