GMA matches Binalonan school board’s outlay

February 24, 2009 at 3:45 pm Leave a comment


BINALONAN – To demonstrate her appreciation of this town’s efforts to provide quality education for its children, President Gloria Macapagal-Arroyo today pledged to match the Binalonan School Board’s budget for school improvement projects this year with an equal amount.

The President made the commitment during the inauguration of the newly constructed 2-storey 4-classroom school building of the Binalonan South Central School (BSCS) here today (Tuesday).

Under the Local Government Code, local School Boards are allotted a Special Education Fund share from one percent of real property tax revenue which is primarily intended for the improvement and development of school facilities.

Binalonan Mayor Ramon Guico, in a meeting with the President and the Binalonan School Board before the inaugural program, said the BSCS’s
Special Education Fund for this year stands at P3.5-million.

“I waited for this program to announce that whatever the local school board will allocate for school improvement and implement the pre-school curriculum, I will give Binalonan an equivalent amount,” the President said to the rousing applause from her audience.

The President said the government is able to put up such matching fund counterpart for noble school projects and programs as a result of her administration’s financial reform agenda such as the Expanded Value Added Tax (E-VAT) law which has also shielded the Philippines from the global recession currently sweeping countries around the world.

“The people of Binalonan have reasons to feel optimistic despite the worsening global economic recession. The structures that enable us to improve our lives had been started even before anyone noticed that a global recession would occur. We had our shields ready; we had installed programs that would increase our yields and allow us to help other provinces even more,” the President said.

President Arroyo thanked the people of Binalonan for their unwavering support and wished them success for their upcoming town fiesta.

“Let us commit ourselves to helping our townmates, our provincemates and the rest of our countrymen who are not as fortunate as the professionals that abound here in Binalonan,” she enjoined the local folks. (www.ops.gov.ph)

Entry filed under: News.

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