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A total of S$10,928.8 million was allocated to municipalities for Canyon, allowances and royalties. Despite the fact that a year has passed and half of it has passed, the communes managed to fulfill only less than 25% of the budget allocated to them.
This has been disclosed by the Private Competitiveness Council (CPC) to management and means that all municipalities together have completed only S1 of the S/4 assigned to work from the so-called point 18.
How are things in the regions?
Of the 20 districts that receive the most budget for mountain canon13 of them were able to fulfill on average only 25% of their budget.
For example, San Marcos attracts the most resources, receiving SGD 835.5 million; however, only 13.1% was spent on works.
In this regard, Daniela Legia, an economist at the CPC, explained that every year at least 40% of the money is returned to the treasury, “not using all these resources leads to a high opportunity cost of accessing services and creating jobs,” he explained. . . .
Can they be restored?
According to CCP estimates, for the execution of 100% of the allocated money municipalities they will need to increase their running speed to at least 2.9 times their current monthly speed.
It is possible that the municipalities have accumulated funds to spend at the end of the year, given that the elections will be held in October.
Source: RPP
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.