A budget set at P8.26B, 93% higher than last year
Monday, February 4th, 2002The Philippine Ports Authority has been allotted a budget of P8.26 billion this year, 93 percent higher than last year’s P4.24 billion.
The bigger budget will enable the agency to finance rehabilitation and modernization of ports.
Some 58 percent or P4.9 billion of the PPA budget will come from revenues, 25 percent from fund surplus, 15 percent from loan proceeds and 2 percent from its fund management income.
