Capitol earns P391 M in 2013

IMG_0809The provincial government earned a total of P391 million from local tax revenues, operating and miscellaneous revenues, and economic enterprise in 2013.

The total revenue last year reached P2.2 billion, including its Internal Revenue Allotment share. The amount excludes the funds denominated as special education fund (P71.9 million) and trust fund (P97.1 million).

Officer-in-Charge Provincial Treasurer Emmanuel Guial said it is higher compared to the P335 million it earned two years ago.

He attributed the increase to the expansion of Larsian Food Park at the Fuente Osmeña, which earned P6.1 million. Tax on sand, gravel and other quarry resources were also top earners for the province. Guial credits the increased income from quarry resources to the strict implementation of the Provincial Code and the unceasing monitoring of the PENRO inspection team headed by Atty. Chad Estella and Civil Security Unit Chief Loy Madrigal.

The district hospitals also earned P145.5 million in 2013 compared to the P92 million in 2012. Provincial Health Office (IPHO) Chief Cynthia Genesolango said the increase is a good sign that many patients are now availing of the district hospitals’ services.

The province has been enrolling indigent beneficiaries under Philhealth every year. For 2014, the province has allotted P150 million for Philhealth insurance alone.

Genosolango said the poorest of the poor, as identified by National Housing Targeting System, would be the automatic beneficiaries of the program. This year the coverage will be expanded to include the “near poor” individuals.

The province can minimize financial risk if it will enroll its constituents under Philhealth. Instead of spending its money for the medical bills of every patient, the insurance company will now pay for it.

In addition, all the district hospitals are Philhealth accredited, which means the premiums paid by the Capitol will return as reimbursement from Philhealth to the hospitals. Xerxes Alkuino