• Co-ops' CISA Compliance Good for Economy

    Credit Information Corporation CEO Jaime P. Garchitorena lauded the release of the Cooperative Development Authority’s Memorandum Circular 2019-01, as: “a significant step in achieving many of the inclusive lending targets of the National Government.”   Asked why co-ops need to Read More
  • CDA Tells Co-ops to Submit Credit Data to CIC

    The Cooperative Development Authority (CDA) has confirmed that co-ops must ‘establish, maintain, and submit credit data’ of members to the Credit Information Corporation (CIC).   Said government agency issued its first memorandum circular for the year, Memorandum Circular 01-2019, named Read More
  • All China Co-op Leaders Visit NATCCO

    QUEZON CITY – Delegates from the All China Federation of Supply and Marketing Cooperatives (ACFSMC) visited the NATCCO Network headquarters on September 18 to exchange information, learn about the Philippine cooperative sector, and explore business linkages.   The Chinese delegation Read More
  • Sector Honors 3 Tagum Co-op Leaders

    DAVAO CITY -- Three leaders of Tagum Cooperative were honored at the 14th National Cooperative Summit held at the SMX Convention City here, before some 3,000 co-op leaders from all over the country.   Mr. ANTONIO C. ARAÑAS, MPA has served Read More
  • Lezo MPC's Champion, Aklan's Pride

    AKLAN – She served the National and Local Government as a dedicated, hardworking Municipal Agriculturist Extension Worker of the Municipality of Lezo for 42 years, before she retired in 2010.  And Emelinda Revestir-de la Cruz has proven herself to be Read More
  • COOP-NATCCO Partylist guns for 3 seats

    All cooperative members, leaders, staff, management and stakeholders are reminded to support COOP-NATCCO Partylist (CNPL) in the upcoming 2019 Elections.  Support is through – voting, campaigning, or providing finances and logistics.   The CNPL, since 1998, has endeavored to protect Read More
  • Ravanera, Chinese Counterpart Sign Agreement

    The Cooperative Development Authority (CDA) represented by Chairperson Orlando R. Ravanera and the Ministry of Agriculture and Rural Affairs (MARA) of the People's Republic of China represented by Han Changfu, signed a Memorandum of Agreement (MOU) for the Strengthening of Read More
  • Financial Pillar Shows Challenges & Hopes of Co-ops

    DAVAO CITY – One of the highlights of the 14th National Cooperative Summit was the Financial Pillar Presentation.  The Financial Pillar is considered to be the most “liquid” sector of the cooperative, delving into financial services.   The Finance Pillar Read More
  • How Lamac MPC Engages Youth

    DAVAO CITY - Co-op Youth Leader Justine Limocon of Lamac Multi-Purpose Cooperative in Cebu Province, spoke at the Cooperative Summit before more than 3,000 co-op leaders from all over the country, urging them to engage the youth in their cooperatives.   Read More
  • NATCCO GA on April 26-28 in Iloilo City

    ILOILO CITY – Representatives of member cooperatives of the NATCCO Network will converge in Iloilo City on April 26-28 for the 17th Coop Leaders Congress and the 42nd General Assembly.  Venue is the Grand Xing Imperial Hotel.   This year’s Read More
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CDA Gets 17% Budget Increase for 2018

The Cooperative Development Authority (CDA) budget under the 2018 General Appropriations Act signed by President Rodrigo Duterte last December 19 amounts to P503.12 Million.  
 
This is a 17% increase compared to the 2017 Budget of P430 Million.
 
CDA Executive Director Rey Elevazo broke down the amount as follows: P355 Million (71%)  for Personnel Services, P111 Million for Maintenance/Operating Expenses, and P37 Million for Capital Outlay.
 
The CDA has, for a long time, lobbied for a bigger budgetEnsuring the growth and development of the 25,000 registered cooperatives has proved to be handful for the CDA’s staff numbering less than 500.
 
The first national budget drafted completely by the Duterte administration amounts to P3.767 trillion, which is 12.4% higher than 2016. The figure represents 21.6% of the projected gross domestic product (GDP) for 2018.
 
The 2018 national budget also reveals the priorities of the Duterte administration – infrastructure, education, and the interior affairs sectors gained the most.
 
With the thrust of the Duterte Administration of “Build,Build, Build,” the Department of Public Works and Highways got the largest slice amounting to P638 Billion; followed by the Dept. of Education with P553 Billion; Dept. of Interior & Local Government P170 Billion, Dept. of Health P107 Billion, and Dept. of Agriculture P53.3 Billion. 
 
The Commission on Human Rights, which was earlier threatened with a P1,000 budget, was appropriated P696 Million.
The Office of the President, of which the CDA has been placed under, receives P6.031 Billion in 2018 Budget.
 
With reports from www.rappler.com and www.manilatimes.net
 
 

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