Central Luzon RDC endorses PHP 325 billion budget for FY 2023
The Central Luzon Regional Development Council (RDC) endorsed the FY 2023 budget proposals of regional line agencies and state universities and colleges during its First Quarter Full Council Meeting held on March 3, 2022.
In the Chairman’s message delivered by RDC Co-chair Reynato C. Arimbuyutan, he said that despite the pandemic, Central Luzon continues to attract investments as shown by the PHP 26.9 billion approved investments in the government-maintained special economic zones in 2021. The amount of investments in 2021 is higher by 16.5 percent compared to 2020. He added that the budget review exercise is an opportunity to chart a path that will accelerate and sustain economic growth, and empower everyone to face the future with confidence.
The agency budget proposals have been carefully reviewed by the sectoral committees during the committee deliberations held between February 15 to 18, 2022. The endorsed budget proposals cover priority projects included in the Central Luzon Annual Investment Program and the Three-Year Rolling Infrastructure Program. Among the agencies with the biggest proposed budget are the Department of Public Works and Highways, the Department of Education, the Department of Health, and the Department of Social Welfare and Development.