THURSDAY, 07 JULY 2011 18:36 CAI U. ORDINARIO
THE national government (NG) needs to raise P140.41 billion to finance foreign-assisted projects (FAPs) covered in the latest Official Development Assistance (ODA) Portfolio Review between 2011 and 2015, according to the National Economic and Development Authority (Neda).
Budget requirements for this year until 2015 will cover 50 projects, the Neda said, adding that the largest allocation needed, as of 2010, is for the current year roughly amounting to P49.04 billion.
Budget requirements for the 50 projects display a decreasing trend until 2015 as national implementing agencies, government-owned and -controlled corporations (GOCCs), and government financial institutions (GFIs) complete their respective projects.
“The NG still accounts for majority of the total budget requirement at 72 percent, while Capex [capital expenditures] programs of concerned GOCCs/GFIs account for the remaining 28 percent,” the Neda’s ODA 2010 Portfolio Review stated.
In 2010 total budget requirement for the 75 ongoing FAPs of implementing agencies amount to P76.02 billion. The national government accounts for 55 percent, or P41.78 billion, to finance 55 projects, while GOCCs/GFIs took the remaining 45 percent, or P34.23 billion, to finance 20 projects.
The Neda said the implementing agencies with the biggest budgetary requirements for 2010 are the National Irrigation Administration (NIA) with P11.72 billion, or 15 percent of the total followed by the Department of Public Works and Highways (DPWH) with P11.14 billion, or 14 percent of the total, and the Department of Agrarian Reform (DAR) with P7.33 billion, or 10 percent of the total. “There was a 12 percent increase in the 2010 budget requirement of FAPs of NG agencies compared with the 2009 level of P37.15 billion,” the Neda added.
In 2010 the Neda said total appropriations in the national budget for implementing agencies with FAPs amounted to P298.027 billion. Only P31.187 billion, or 10.46 percent, is appropriated to FAPs.
In terms of agencies’ FAPs appropriation relative to the overall national budget, the implementing agencies with the largest shares were the DPWH, which accounted for 4.5 percent; DAR, 2.4 percent; NIA, 1.3 percent; and Department of Transporation and Communications, 1.09 percent.
The Neda also said data gathered from 33 implementing agencies covered by the review showed that total project cost amounted to P483.54 billion, with the local counterpart (national government counterpart) accounted for P118.70 billion, or 25 percent.
The Neda data earlier showed that in 2010, the Philippines only received total net ODA commitments reached only $10.06 billion. In the past 10 years, Neda noted that the country received around $10 billion in ODA from various donors. The report stated there was a decreasing trend in net ODA received per capita. Data showed that net ODA received per capita of the country slowed to 3.4 percent in 2009 from 6.6 in 2005.
(Cai Ordinario
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