NIA Attains Corporate Viability
The National Irrigation Administration (NIA) attains corporate financial viability in CY 2012, according to financial records submitted by the Finance Department of the agency. This is the first time the NIA attains this status.
Records show that NIA generated P3.7 B in total revenues with total expenditures of P2.4B, giving a Net Income of P1.3 B in CY 2012. Of the total income, Irrigation Service Fees represented 40% which, is the main source of income for the NIA. Incidentally, all the regional offices of the NIA attain financial viability. The region with the highest increment in Net Income is Region 9 with 95% increment. In terms of ISF increment, Region 7 posted the highest. On the other hand, Magat River Integrated Irrigation System (MARIIS) posted the highest income in terms of money value, followed by Upper Pampanga River Integrated Irrigation System (UPRIIS), Region 12, 10, and 7.
In a dialogue between Secretary Alcala, Bureau of Corrections Director General Gaudencio Pangilinan, NIA Administrator Antonio S. Nangel agreed to introduce other programs within the Iwahig Penal Colony to make the inmates productive once they get out from Iwahig Penal Colony.