
Cebu City deficit: Mayor Archival trims it by P832M in first 100 days
CEBU CITY, Philippines — Mayor Nestor Archival has reported that his administration reduced the city’s projected budget deficit by P832 million in just three months. He said they were able to do so through aggressive cost-cutting and spending reforms implemented since he took office in July. In his 100-day report delivered on Thursday, October 16, Archival said the savings were achieved through a combination of manpower and operational expense reductions, most notably the P480 million in savings initiated by Vice Mayor Tomas Osmeña’s office and another P252.5 million from trimmed personnel costs. READ: Mayor Archival lays out 10-point agenda to […]... Keep on reading: Cebu City deficit: Mayor Archival trims it by P832M in first 100 days