Tourism 2016 budget up by 44% to Php3.61B

December 23, 2015 6:14 am 

By Azer N. Parrocha

MANILA, Dec. 22 (PNA) — The Department of Tourism (DOT) on Tuesday said its budget for 2016 rose to Php 3.61 billion, up 44 percent from the current budget of Php 2.5 billion.

Of this amount, a total of Php 2.95-billion is allocated under the DOT Office of the Secretary (OSec), including its attached agencies Intramuros Administration (IA) and the National Parks Development Committee (NPDC).

DOT Undersecretary Benito Bengzon Jr. told reporters in an interview that the DOT OSec allocation, which is up by 28 percent, would “sustain market development, planning initiatives and regulatory programs implemented in 2015.”

Bengzon further said that the allocation for IA was at Php 446-million while the budget for NPDC was at Php 213-million. He he did not disclose the budget for its other attached agencies.

This allocation does not include yet the budget for DOT’s marketing arm, the Tourism Promotions Board (TPB) and the Tourism Infrastructure and Enterprise Zone Authority (TIEZA), which used to be the Philippine Tourism Authority (PTA).

DOT’s budget is part of the 2016 national budget of Php3-trillion which was signed by Pres. Benigno S. Aquino III at Malacanang on Tuesday morning.

Malacanang said that the 2016 national budget, which is 15.2 percent higher than the 2015 budget of Php2.606 trillion, was the culmination of the reforms implemented in the past five years of the Aquino administration.

Visitor receipts from January to October this year generated Php 186.89 billion, an 8.24 percent increase from the Php 172.66 billion acquired in the same period last year.

The target visitor for receipts by the end of 2015 is about Php 270 billion (USD 6 to 6.5 billion).

Currently, tourism is the third largest dollar-earning industry of the Philippines after semi-conductors and the business process outsourcing (BPO) industry. (PNA)

RMA/ANP

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