Malasiqui faces more than P75M debts – Mayor Geslani

 Malasiqui Mayor Noel Geslani. 
Photo Credit: Sonshine Radio

 By Mortz C. Ortigoza

MALASIQUI - Despite having the biggest annual appropriation fund of P230 million this year compared to the other 43 towns in Pangasinan, the mayor here faces more than P75 million loans in government banks.

“Doon sa remaining twenty five million pesos existing iyong fifty million pesos tapos iyong mga iba,” said by Mayor Noel Geslani on the amortization he pays from the debts contracted by his predecessors former mayors Alfonso Soriano and Armando Domantay.

  “Tapos na iyong kay Vice Governor (Oscar) Lambino nabayaran na iyon,” he added.

He cited this huge town with 73 villages has a ten million pesos loan in Land Bank of the Philippines alone.

Geslani said the payment of the amortization he sourced from this first class town’s development fund. 
This town has P45 millions of that fund this year from the taxes and its share of the internal revenue allotment from the national government.

The mayor also said that he has been interceding in the Technical Education and Skills Development Authority (TESDA) for the training of the jobless here.

Some of the trainees were those dangerous drug offenders who gave up themselves after Philippines President Rodrigo Duterte declared war on narcotics peddlers.

For his almost 10 month’s stint, Geslani was able to install electric street lights and closed-circuit television (CCTV) on the major thoroughfares and the villages here.

Funds of these projects, he cited, came from the development fund.