The provincial government of Davao Oriental is actively preparing its Annual Investment Program, laying the groundwork essential for shaping the province’s 2025 annual budget.
In a recent workshop, key stakeholders from government agencies, private sector entities, and civil society organizations came together in full force to identify priority areas for investment. The investment plan workshop aims to strategically allocate resources towards fostering economic growth, infrastructure development, and social welfare programs across the province while addressing the province’s most pressing challenges and priorities in areas covering agriculture, tourism, peace and order, health, infrastructure, social, and environmental issues, among many others.
Under the leadership of Governor Niño Uy, the provincial government puts effort into streamlining the planning process and ensuring that the investment plan aligns with the evolving needs and aspirations of the province’s vision. With the collaboration and input from various sectors, the province is optimistic about formulating a comprehensive and responsive investment plan for the upcoming fiscal year.
A STEP-BY-STEP PROCESS
Following its crafting, the formulated AIP will be presented to the Provincial Development Council Executive Committee for review and endorsement and then to the Sangguniang Panlalawigan for adoption and approval, as required by the Local Budget Circular 152, series of 2023.
The Sangguniang Panlalawigan is expected to approve the 2025 AIP in June this year before the issuance of a budget call, preparation of a budget proposal, and conduct of a series of technical budget hearings.
Based on previous trends, the province projects a budget of P2.7 billion in 2025 from local and external sources.
Governor Niño Uy’s leadership emphasizes that the investment plan reflects the province’s vision for inclusive and sustainable growth, anchored in the principles of good governance, transparency, and accountability. With a clear roadmap in place, Davao Oriental is poised to embark on a new chapter of progress and prosperity fueled by creativity, cooperation, and an unwavering dedication to the welfare of all. KLD-PIO/Photos by Jefferson Masisay
