Koronadal City—South Cotabato will be engaging in government-owned and controlled corporations, maximizing its strength to survive the national revenue dependency in the coming years, Governor Reynaldo Tamayo, Jr. explained during an interview recently.
“All the necessary things leading to this plan are now being studied and evaluated. We want to start next year,” the governor stressed.
He said it would take five years to settle the steps needed to achieve this vision.
Tamayo was eager to establish an ordinance creating the South Cotabato Provincial Government-Owned and Controlled Corporation that handles economic approaches in boosting the local economy but ensures small-time entrepreneurs are not affected.
“We guarantee while we push for GOCC, the impact could not affect our small and medium enterprises,” Gov. Tamayo emphasized.
He believed that small businesses are one of the direct partners of the government in economic stability.
“We need to balance increasing our income and the impact on our small businesses,” he said.
He said his efforts are towards internal revenue allotment independence.
At least P300M is cut in the provincial budget next year. Presently, the Provincial Government of South Cotabato is at least 80 percent dependent on the national government share.