SP approves 14.5 billion AIP for 2024

IN its regular session on Monday presided by Vice Mayor Bebot Rodriguez, the 20th City Council adopted a resolution approving adopting the revised Annual Investment Program (AIP) for CY 2024 of the City of Cagayan de Oro.

The AIP 2024, second slice of the administration’s Local Development Investment Program, is anchored in the Administration’s Development Agenda RISE CDO with the framework Regional Leadership, Metropolization, Accessibility and Connectivity, Institutional Development and Participatory Governance, Safety, Security, and Human Development, and Economic Recovery.

It also outlines investment allocations for the General Public Services Sector, Social Development Services Sector, and Economic Development Services Sector and the Programs, Projects, Activities (PPAs) of each sector.

Out from the AIP’s total amount of P14.5B, the Economic Development Services Sector posts the highest allocation in the amount of P5.4B due to various infrastructure projects, followed by Social Services Development Sector which posts a total amount of P4.6B, then the General Public Services Sector in the amount of P1.9B.

The preparation of the AIP is in accordance with RA 7160 or the Local Government Code of 1991, which mandates local government units to prepare their AIPs covering priority development programs, projects, and activities (PPAs).

PPAs contained therein have emanated from and finalized in consultation with the various departments and offices of the City Government to ensure consistency with the national, regional, and local investment programming policies and guidelines and responsiveness to the city’s development direction under the RISE Agenda, The Gavel learned.