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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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