When do we get our IRA differentials? This is the stereo-type question I repeatedly receive from LGUs either on phone calls, physical contact, text messages or even on e-mails. Sounds like the waiting may soon be over. Reliable source - although not yet official (no Memo yet received from CO), points to the likelihood that 50% of the IRA differential of P 14.8 B, which is the amount appropriated in the recently approved P46-4 B supplemental budget - will be released in November following the usual 80%-20% scheme. The remaining 50% will be released in December. It looks like LGUs are heading for a windfall in the next two remaining months of the year. Hence, they should be able to finance gaps in service delivery; implement more infra projects; and grant those unimplemented employees' benefits.
For the ordinary employees the IRA windfall would mean implementation of the P1,ooo AdCom which should have taken effect January 1st, and perhaps, a bigger extra cash gift by year-end.
Just to assure that the programmed release of IRA differential is not a rumor, here are a few text messages I've received over the weekend: "gud AM Gov. supplemental budget, manner of release, 50% Nov. as ff. 80% - 1st week, 4th week 20%; remaining balance one tym release, n dec. FYI". Here's the response from CO: "Ur info r correct as to amt n sched of release adv merry xmas". Will keep you posted through this blog.
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