The National Economic and Development Authority Region 3 (NEDA 3) held a briefing on October 10, 2022 for the Central Luzon 2024 Annual Investment Program (AIP) with representatives of regional line agencies, state universities and colleges, local government units, and government-owned and controlled corporations.

The event officially commenced the formulation of the AIP to identify priority programs and projects the region will push for funding and implementation in the succeeding period. The process of updating is done to ensure that only implementation-ready projects and those needed to address pressing needs are lined-up for funding by the national government.  

The AIP, hence, is used as a reference by the Regional Development Council in the review of agency budget proposals for the next fiscal year.

The participants were oriented on the updating process using the AIP worksheet and the timeline of activities leading to the completion of the annual investment program. The AIP 2024 is expected to be completed and endorsed by the RDC in December of this year. 

(Roi Francis A. Sagum, NEDA 3-PDIPBD)