SUC’s Will Receive Higher Budget for AY 2012-2013

State Colleges and Universities of the Philippines will receive higher budget for the Academic Year 2012-2013 according to the Department of Budget and Management of the Republic of the Philippines.

Philippine President Benigno Aquino III ordered the Department of Budget and Management (DBM) to release an additional P4.2 billion fund intended for state universities and colleges (SUCs) on top of the P26.1 billion annual budget of CHEd for SUCs.

According to the statement released by Secretary Florencio Abad of the DBM, he stated that the budget released for SUCs is part of the additional P13.4 billion that the President invested for the Disbursement Acceleration Plan (DAP).

Due to higher tuition fees from private universities, graduating high school students were preferring to enroll at state colleges and universities in different parts of the country.

The additional budget given to the State Colleges and Universities were intended for the reform roadmap designed by CHEd, DBM and the SUCs themselves.

Large chunks of the budget were allotted already to major SUC’s such as the University of the Philippines System, Central Luzon State University, Mindanao State University and other large universities.

Of the P4.2 billion, P3.356 billion will be given to the above-mentioned State Colleges and Universities in the different parts of the Philippines.