Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

P10B to power rural areas pushed

by
October 10, 2024
in Top News
0
P10B to power rural areas pushed
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

A CONGRESSMAN on Thursday pushed to lodge an additional P10 billion under the National Electrification Administration’s (NEA) 2025 budget to boost nationwide rural electrification efforts.

The NEA earmarked P2.6 billion for next year’s spending, 89% lower than its P23.7 billion funding proposal to the executive branch, according to Cagayan de Oro Rep. Rufus B. Rodriguez.

“I am urging the Senate to augment the NEA budget for next year,” he said in a statement, adding the House of Representatives could push for his budget adjustment request once Congress convenes in a bicameral conference committee.

President Ferdinand R. Marcos, Jr. said during his state address last year that he is aiming to electrify all households nationwide by the end of this term. Budgetary constraints, however, could delay Mr. Marcos’ electrification goal by two to three years, Mr. Rodriguez said.

Providing more NEA funding would allow rural areas to economically prosper, he added. “Like roads, electricity is an important factor in developing country, especially remote barangays.” — Kenneth Christiane L. Basilio

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
DENR eyes at least 4,200 new mining permits, contracts next year

DENR eyes at least 4,200 new mining permits, contracts next year

Recommended

Stock Market News UK Update: FTSE 100 & 250 Rise

Stock Market News UK Update: FTSE 100 & 250 Rise

March 28, 2025
MBA Scholarships for UK Scientists Launched by EIBF

MBA Scholarships for UK Scientists Launched by EIBF

October 9, 2024
UK house prices rise for third consecutive month, nearing record highs

UK house prices rise for third consecutive month, nearing record highs

October 7, 2024
The Science of Size: How Mass Gainers Work and Who Should Use Them

The Science of Size: How Mass Gainers Work and Who Should Use Them

December 18, 2024
How collaboration, AI, and finance can bridge the Global North-South clean energy gap

How collaboration, AI, and finance can bridge the Global North-South clean energy gap

November 1, 2024
UK office property sales facing largest discounts since financial crisis

UK office property sales facing largest discounts since financial crisis

August 13, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2025 investdailypro.com | All Rights Reserved