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P4.9 billion to spur Leyte growth

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By Restituto Cayubit 

TACLOBAN CITY – The province of Leyte is spending more than P4 billion for economic development, a report from the governor’s office said.

Leyte Governor Leopoldo Dominico L. Petilla (RESTITUTO CAYUBIT / MANILA BULLETIN FILE PHOTO)

Leyte Governor Leopoldo Dominico L. Petilla (RESTITUTO CAYUBIT / MANILA BULLETIN FILE PHOTO)

Gov. Leopoldo Dominico L. Petilla said that for this year his office has budgeted P4,927,720,583 for economic services.

Petilla said the budget is 56 percent of the P8,679,619,668 Annual Investment Plan (AIP).

The AIP was approved in the third quarter of last year and will be the basis for this year’s budget.

The reelected governor, who will be serving his third and last term, said he will focus on poverty alleviation. giving more emphasis on countryside agricultural development and helping more fishermen and farmers.

Countryside economic development program is the basic and primary tool in fighting poverty, insurgency and criminality, he said.

Leyte’s poverty alleviation program in the countryside covers more than 250 farmers and fishermen organizations in more than 250 villages in 40 towns and one city in the province.

Petilla said his target is to lower the poverty incidence from 23.6 percent in 2016 to 9 percent by the end of his third term in 2022.

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