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    DAVAO CITY – To establish the co-op brand and identity in the country, the Co-op Sector launched at the 14th National Cooperative Summit the Co-op Marque Philippines.   This is in line with International Cooperative Alliance thrust for “Vision 2020”, Read More
  • Dr. Luis Carrillo: Bigay Pugay Awardee 2018

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  • ICA Backs Zero Tolerance for Harassment & Discrimination

    BUENOS AIRES – The cooperative movement has approved a formal commitment towards the promotion of a decent working environment and zero tolerance for any form of harassment. The fact that a global actor like the International Co-operative Alliance (ICA) commits Read More
  • Felisa Palencia: Bicol Region’s Bigay Pugay Awardee

    BAAO, CAMARINES SUR – An educator and training provider, Director Felisa M. Palencia has been instrumental in the training and education of the cooperators in this Municipality. She has been a member of the Baao Parish Multi- Purpose Cooperative for Read More
  • AsiaDHRRA taps NATCCO to help Farmers’ Co-op

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  • ACCU Founder Rekindles Raiffeisen Ideals

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  • Co-op Month Celebrated Nationwide!

    Cooperators all over the country celebrated the Cooperative Month this October, culminating in the National Cooperative Day on October 20.   According to the Co-operative Month Secretariat that collates nationwide data and monitors social media posts under the hashtag “#1coopnation”, Read More
  • Co-op Resiliency & Sustainable Development

    COOP-NATCCO Rep. Anthony Bravo delivered the following Privilege Speech in Congress last  October 8.   Mr. Speaker, honorable colleagues, I rise today as we again honor our cooperatives across the country for being resilient amidst the growing inflation and other Read More
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CDA Gets 17% Budget Increase for 2018

The Cooperative Development Authority (CDA) budget under the 2018 General Appropriations Act signed by President Rodrigo Duterte last December 19 amounts to P503.12 Million.  
 
This is a 17% increase compared to the 2017 Budget of P430 Million.
 
CDA Executive Director Rey Elevazo broke down the amount as follows: P355 Million (71%)  for Personnel Services, P111 Million for Maintenance/Operating Expenses, and P37 Million for Capital Outlay.
 
The CDA has, for a long time, lobbied for a bigger budgetEnsuring the growth and development of the 25,000 registered cooperatives has proved to be handful for the CDA’s staff numbering less than 500.
 
The first national budget drafted completely by the Duterte administration amounts to P3.767 trillion, which is 12.4% higher than 2016. The figure represents 21.6% of the projected gross domestic product (GDP) for 2018.
 
The 2018 national budget also reveals the priorities of the Duterte administration – infrastructure, education, and the interior affairs sectors gained the most.
 
With the thrust of the Duterte Administration of “Build,Build, Build,” the Department of Public Works and Highways got the largest slice amounting to P638 Billion; followed by the Dept. of Education with P553 Billion; Dept. of Interior & Local Government P170 Billion, Dept. of Health P107 Billion, and Dept. of Agriculture P53.3 Billion. 
 
The Commission on Human Rights, which was earlier threatened with a P1,000 budget, was appropriated P696 Million.
The Office of the President, of which the CDA has been placed under, receives P6.031 Billion in 2018 Budget.
 
With reports from www.rappler.com and www.manilatimes.net
 
 

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