The Sangguniang Panlalawigan of Iloilo has approved the province’s P7.86-billion annual budget for fiscal year 2027 on third and final reading during its regular session on Wednesday, Oct. 21.
The approval followed five days of committee hearings and deliberations led by the Committee on Appropriations.
The approved budget totals P7,860,387,336, consisting of P6,101,660,416 for the General Fund and P1,758,726,920 for the Local Economic Enterprise (LEE), which covers provincial hospitals and other income-generating offices of the provincial government.
The National Tax Allotment (NTA), amounting to approximately P5.6 billion, is the largest source of revenue for the General Fund. Other sources include real property taxes, non-tax revenues, hospital fees, rental income and other local revenues.
Of the P6.1-billion General Fund, P1.9 billion is allocated for general public services, P1.1 billion for social services and P759.6 million for economic services.
The budget also includes P305.08 million for the Provincial Disaster Risk Reduction and Management Fund, P1.16 billion for NTA-funded development projects, P1.7 million in assistance for barangays and P4 million for the Commission on Elections.
For the P1.758-billion LEE budget, P824.48 million is allocated as subsidy, while P934.25 million is earmarked for operating expenses.IMT
