The Cagayan Valley Regional Development Council (RDC2) endorsed the Fiscal Year (FY) 2023 agency budget proposals amounting to PhP150 Billion during the 123^rd Joint RDC Full Council and Advisory Committee Meeting held in Tuguegarao City on May 25, 2022.

The FY 2023 budget includes proposals from 34 government institutions consisting of five state universities and colleges, 28 regional line agencies, and four government-owned and controlled corporations.

The budget proposals were evaluated by the Regional Budget Review Committee (RBRC) prior to its endorsement by the RDC2. The review process ensured that the budget proposals are aligned with the Sustainable Development Goals, Ambisyon Natin 2040, and the approved 2023-2025 Three Year Rolling Infrastructure Program.

The RBRC also took into consideration the regional development priorities as referred in the Cagayan Valley Regional Development Plan, Cagayan Valley Regional Recovery Program for COVID-19, the Cagayan Valley Flood Mitigation and Rehabilitation Program, and Agency Devolution Transition Plans, among others.

In the same meeting, the Council also endorsed the research study on balanced fertilization and corn cluster farming, the Cagayan Valley Smarter City Belt project, request for lot allocation in the Regional Government Center, and the proposed RDC action addressing the issues of the Bugkalot Indigenous Cultural Community on the Casecnan Multipurpose Irrigation and Power Project.

The second quarter meeting was presided by RDC2 Vice-Chair and NEDA Regional Director Dionisio C. Ledres, Jr. on behalf of Chair and Isabela Governor Rodolfo T. Albano III. Infrastructure Development Committee Chair and Nueva Vizcaya Governor Carlos M. Padilla, representatives of provincial and local government units, regional directors of regional line agencies, and the private sector representatives attended the meeting.#