P3.6B projects cut from 2024 budget

SOME P3.6 billion worth of projects intended for 2023 but not yet undertaken will no longer be included in the proposed P100 billion budget of Cebu City for 2024.This comes as the Cebu City Council races to complete the discussion and review of the proposed P100 billion budget for 2024 before the end of the month.

Wenceslao said they will discuss the appropriate sources of funds and budget for the year 2024.Last Oct. 18, Cebu City Mayor Michael Rama said he had proposed a P100 billion annual budget for 2024.This is double this year’s budget of P50 billion, of which only P7 billion had been collected as of last month. The P50 billion budget this year was already a giant leap from the City’s around P9 billion annual budget in 2022.

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