Of the amount of P19.47 million, P11.2 million is allocated to PS; P1.85 million to CO; and P6.65 million to RLIP
and other similar expenses.This shall be channeled to transportation and equipment outlay; monetization; personnel benefits; overtime pay; and RLIP
Meanwhile, the ERC has a proposed P365-million (including RLIP
) budget, and the NCIP has a proposed P1.188-billion budget.
For fiscal year (FY) 2019, the NEP level for DepEd (OSEC including Retirement and Life Insurance Premium, or RLIP
) amounts to P527.714 billion or 72.06 % of the proposed DepEd budget of P732.280 billion.
In a statement on Wednesday, Kabataan Representative Terry Ridon said he seeks to add P37.7 billion more to the budget of 113 state universities and colleges from the current P41 billion (less retirement and life insurance premiums or RLIP
) to P78.7 billion.
With a sustained growth in the national budget, from the approved P567.1 billion in 2017 to the proposed P612.12 billion National Expenditure Program (NEP) in 2018 (with Retirement and Life Insurance Premiums or RLIP
), the Department is gearing toward the achievement of Pagbabago or inequality-reducing transformation under the Philippine Development Plan (PDP) Targets for basic education.
Of the PP891.4-million release, P543.9 million was sourced from the Retirement and Life insurance Premiums (RLIP
) and the remaining P347.5 million from the Miscellaneous Personnel Benefits Fund (MPBF), both under the 2014 General Appropriation's Act (GAA).
The bulk of which are as follows: Interest Payment on NG Debts (P358.7 B); IRA (P486.9 B); Net Lending (P26.5 B); RLIP
(P37.9 B); Special Account (P21.6 B); Tax Expenditure (P25.5B); and Pension of Ex-Presidents/Wives (P0.331B).