• Let's Get Digital!

    USAID’s Mamerto Tangonan gave a talk entitled The National Retail Payment System & the Digital Finance Landscape in the Philippines, delivered at the NATCCO Co-op Leaders Congress in Limketkai Luxe Hotel in Cagayan de Oro City for all co-ops to Read More
  • First Co-op Cup Chess Tournament October 21

    Excellent Peoples' MPC and NATCCO Network recently signed an Agreement to hold the first chess tournament for co-ops.   In the spirit of Cooperative Solidarity, the First Co-op Chess Cup Tournament for co-operators is scheduled for October 21 with theme Read More
  • #1coopnation in October!

    Cooperators all over the country are enjoined to celebrate the Cooperative Month this October, culminating in the National Cooperative Day on October 20.    The Cooperative Development Authority (CDA) issued on September 7 Memorandum Circular 2018-2 declaring said date as Read More
  • LANDBANK Lauds Gawad PITAK Awardees

    PASAY CITY -- Leading this year’s roster of winners in LANDBANK’s Gawad sa Pinakatanging Kooperatiba (Gawad PITAK) are two cooperatives that have remained steadfast and consistent in fulfilling their mission of bettering the lives of their members, and growing with the Read More
  • Text Blasting is eKoopBanker’s latest feature

    The NATCCO Information Technology Group is pleased to introduce a newly-launched feature of the NATCCO Network’s eKoopBanker /Plus financial software: TEXT BLAST FACILITY! This is an automated messaging system that can send the following text messages to your members:  • Read More
  • Oro Integrated Reaches for Stars, Deepens Roots

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  • Kaya is the Way to Go!

    In the UN Sustainable Development Goals 2030, there are two buzz words: “Leave No One Behind!” and a new one, “Reaching the Farthest Behind First”.   I think of the indigenous peoples in the rural areas.  In my village in Read More
  • Co-operatives Should Tap the Millennials

    Millennial, Social Entrepreneur, and author,  John Xavier Francia tells participants at the recent 2018 Co-op Leaders’ Congress in Cagayan de Oro 1) who are the millennials, 2) what it takes to take them on board, and 3) how they can Read More
  • Weather Bureau Cooperative Celebrates 65th

    When the Philippine Weather Bureau was undergoing rehabilitation due to the devastation wrought by the World War II, a core of enterprising weathermen established the Weather Bureau Employees Association (WBEA). The aims were, a) to promote brotherhood and unity among Read More
  • Credit Union Apex Endorses Kaya Payment Platform

        Credit unions empower and improve communities. According to the ICA, the cooperative identity is “based on the values of self-help, self-responsibility, democracy, equality, equity and solidarity. In the tradition of their founders, co-operative members believe in the ethical 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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