February 26, 2018, 5:28 am
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1 Philippine Peso = 0.0709 UAE Dirham
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1 Philippine Peso = 0.0157 Euro
1 Philippine Peso = 0.03853 Fiji Dollar
1 Philippine Peso = 0.01381 Falkland Islands Pound
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1 Philippine Peso = 0.08607 Ghanaian Cedi
1 Philippine Peso = 0.90347 Gambian Dalasi
1 Philippine Peso = 173.55213 Guinea Franc
1 Philippine Peso = 0.14162 Guatemala Quetzal
1 Philippine Peso = 3.93494 Guyana Dollar
1 Philippine Peso = 0.15101 Hong Kong Dollar
1 Philippine Peso = 0.45448 Honduras Lempira
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1 Philippine Peso = 263.76448 Indonesian Rupiah
1 Philippine Peso = 0.06723 Israeli Shekel
1 Philippine Peso = 1.25268 Indian Rupee
1 Philippine Peso = 22.85714 Iraqi Dinar
1 Philippine Peso = 718.33978 Iran Rial
1 Philippine Peso = 1.93822 Iceland Krona
1 Philippine Peso = 2.4222 Jamaican Dollar
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1 Philippine Peso = 2.0617 Japanese Yen
1 Philippine Peso = 1.96236 Kenyan Shilling
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1 Philippine Peso = 76.94981 Cambodia Riel
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1 Philippine Peso = 17.37452 North Korean Won
1 Philippine Peso = 20.76255 Korean Won
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1 Philippine Peso = 6.1749 Kazakhstan Tenge
1 Philippine Peso = 159.87839 Lao Kip
1 Philippine Peso = 29.06178 Lebanese Pound
1 Philippine Peso = 2.99421 Sri Lanka Rupee
1 Philippine Peso = 2.50386 Liberian Dollar
1 Philippine Peso = 0.22268 Lesotho Loti
1 Philippine Peso = 0.05886 Lithuanian Lita
1 Philippine Peso = 0.01198 Latvian Lat
1 Philippine Peso = 0.0257 Libyan Dinar
1 Philippine Peso = 0.1777 Moroccan Dirham
1 Philippine Peso = 0.32037 Moldovan Leu
1 Philippine Peso = 0.96332 Macedonian Denar
1 Philippine Peso = 25.79151 Myanmar Kyat
1 Philippine Peso = 46.1583 Mongolian Tugrik
1 Philippine Peso = 0.15547 Macau Pataca
1 Philippine Peso = 6.75676 Mauritania Ougulya
1 Philippine Peso = 0.63514 Mauritius Rupee
1 Philippine Peso = 0.29614 Maldives Rufiyaa
1 Philippine Peso = 13.77317 Malawi Kwacha
1 Philippine Peso = 0.35764 Mexican Peso
1 Philippine Peso = 0.07562 Malaysian Ringgit
1 Philippine Peso = 0.22261 Namibian Dollar
1 Philippine Peso = 6.9112 Nigerian Naira
1 Philippine Peso = 0.59556 Nicaragua Cordoba
1 Philippine Peso = 0.15133 Norwegian Krone
1 Philippine Peso = 1.99853 Nepalese Rupee
1 Philippine Peso = 0.02647 New Zealand Dollar
1 Philippine Peso = 0.00743 Omani Rial
1 Philippine Peso = 0.01931 Panama Balboa
1 Philippine Peso = 0.06266 Peruvian Nuevo Sol
1 Philippine Peso = 0.06071 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.13127 Pakistani Rupee
1 Philippine Peso = 0.06552 Polish Zloty
1 Philippine Peso = 107.39382 Paraguayan Guarani
1 Philippine Peso = 0.07027 Qatar Rial
1 Philippine Peso = 0.07302 Romanian New Leu
1 Philippine Peso = 1.08832 Russian Rouble
1 Philippine Peso = 16.23803 Rwanda Franc
1 Philippine Peso = 0.07239 Saudi Arabian Riyal
1 Philippine Peso = 0.14989 Solomon Islands Dollar
1 Philippine Peso = 0.25792 Seychelles Rupee
1 Philippine Peso = 0.34575 Sudanese Pound
1 Philippine Peso = 0.15762 Swedish Krona
1 Philippine Peso = 0.02545 Singapore Dollar
1 Philippine Peso = 0.01382 St Helena Pound
1 Philippine Peso = 0.42869 Slovak Koruna
1 Philippine Peso = 147.2973 Sierra Leone Leone
1 Philippine Peso = 10.84942 Somali Shilling
1 Philippine Peso = 384.74904 Sao Tome Dobra
1 Philippine Peso = 0.16892 El Salvador Colon
1 Philippine Peso = 9.9417 Syrian Pound
1 Philippine Peso = 0.22262 Swaziland Lilageni
1 Philippine Peso = 0.60579 Thai Baht
1 Philippine Peso = 0.04633 Tunisian Dinar
1 Philippine Peso = 0.04271 Tongan paʻanga
1 Philippine Peso = 0.07317 Turkish Lira
1 Philippine Peso = 0.12974 Trinidad Tobago Dollar
1 Philippine Peso = 0.56444 Taiwan Dollar
1 Philippine Peso = 43.35907 Tanzanian Shilling
1 Philippine Peso = 0.52008 Ukraine Hryvnia
1 Philippine Peso = 70.40541 Ugandan Shilling
1 Philippine Peso = 0.01931 United States Dollar
1 Philippine Peso = 0.54923 Uruguayan New Peso
1 Philippine Peso = 157.72201 Uzbekistan Sum
1 Philippine Peso = 558.39769 Venezuelan Bolivar
1 Philippine Peso = 438.97684 Vietnam Dong
1 Philippine Peso = 2.05502 Vanuatu Vatu
1 Philippine Peso = 0.04818 Samoa Tala
1 Philippine Peso = 10.28822 CFA Franc (BEAC)
1 Philippine Peso = 0.05212 East Caribbean Dollar
1 Philippine Peso = 10.28822 CFA Franc (BCEAO)
1 Philippine Peso = 1.87297 Pacific Franc
1 Philippine Peso = 4.82336 Yemen Riyal
1 Philippine Peso = 0.22278 South African Rand
1 Philippine Peso = 100.1834 Zambian Kwacha
1 Philippine Peso = 6.98649 Zimbabwe dollar

3 agencies to get reduced budget to fund free tuition

THREE agencies may suffer budget cuts in 2018 to allow government to fund the newly signed free college education law, Davao City Rep. Karlo Nograles said yesterday.

Nograles, House appropriations committee chair, said the Departments of Information and Communications Technology (DICT), Agrarian Reform (DAR) and Transportation (DOTR) may have their budgets reduced for 2018 due to “low absorptive capacity and sluggish implementation of projects and programs.”

Nograles said on top of possible budget reductions, the three departments can potentially contribute at least P37.5 billion which can act as a standby fund once the free college education program is fully implemented in 114 state universities and colleges (SUCs), 16 local universities and colleges (LUCs) accredited by the Commission on Higher Education (CHED) and 122 technical-vocational institutions (TVIs) under the Technical Education and Skills Development Authority. 

The panel earlier found at least P16 billion in the proposed 2018 national budget to fund Republic Act 10931 or the Universal Access to Quality Tertiary Education Act.

Nograles said during the budget briefing of the DICT, he found out that the agency has unused appropriations amounting to P2.7 billion in 2016 and P2.695 billion in 2017.

“These funds will expire in December 31, 2017 and I doubt very much if DICT will be able to utilize these funds before the year ends. So instead of wasting these funds I would rather use the money to support the higher education law for free tuition and miscellaneous fees for students in SUCs, LUCs, TVIs,” he said.

Nograles said P5 billion can be sourced from DAR and P30 billion from DOTR.

He said DAR failed to utilize P6 billion in 2015 and failed to obligate P5 billion in 2016.

The DOTR, Nograles said, failed to utilize P33 billion in 2015 and has “so far failed to obligate P30 billion of its budget allocation” in 2016.

Nograles, however, said since some of the unused allocations were programmed under the 2015 appropriations, these have already expired and reverted to the national treasury.

The unused funds for the 2016 appropriations, on the other hand, will expire in December of this year.

While it cannot be tapped for the 2018 national expenditure program, it can be programmed for spending under a supplemental budget, Nograles said.

“The 2016 funds are still alive and set to expire on December 31, 2017. At this point in time I am very doubtful they will be able to utilize those funds. So I am looking at considering these funds as savings and writing a supplemental budget to use as standby fund for the free higher education law,” he said.

The DICT has submitted a P6.87-billion budget request for 2018. The DOTR is asking for P73.8 billion while the Department of Agrarian reform is seeking P10.3 billion.

“Based on their spending pattern, we now know where to make the cuts. At least for now, we have a standby source of at least P37.5 billion which can be made available through supplemental budget in case we still fall short of the needed funds to support the free college education law,” Nograles said.
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