Senator JV Ejercito on Wednesday quizzed administrators of an economic zone located in Casiguran, Aurora about its delayed progress as it seeks a bigger budget for 2024.
Out of the P292.48B proposed by APECO, P153M will go to capital outlay, P81M to maintenance and other operating expenses and P57.7M to personnel services.— Mike Navallo October 11, 2023
Officials of APECO or the Asia Pacific Economic Zone and Freeport Authority faced the Senate Finance subcommittee hearing on Wednesday to seek a bigger budget than that proposed by the Department of Budget and Management under the National Expenditure Program .APECO originally asked for P292.48 million for 2024, of which P153 million will go to capital outlay, P81 million to maintenance and other operating expenses and P57.7 million to personnel services.But DBM retained only P47.
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