Part of the Philippine governmentís P500-million educational program is set to benefit the business process outsourcing (BPO) sector and other priority high-growth areas of the country as the entire budget is provided to help improve the curriculum of several educational institutions.
The budget will be divided as follows: P125 million for BPO-related programs, P115 million for agriculture and fisheries, and P105 million each for tourism and other emerging sectors.
The Department of Budget and Management (DBM) said they have released a signed circular together with the Commission on Higher Education (CHED) that will serve as a guide for the programís implementation. Budget Secretary Florencio Abad stated that the program is designed to improve the countryís employment rate and economy by preparing graduates with the right set of skills for in demand and promising industries which include tourism, agriculture, and fisheries.
The P500-million fund will also be utilized by qualified state universities and colleges (SUCs) for capital outlay (CO) requirements and maintenance and other operating expenses (MOOE). The funds will come from the 2012 General Appropriations Act (GAA) and is also set to develop the current curriculum and infrastructure.