Marcos backs 3% cap for contingency funds

5 Ways Digital Artists Can Leverage Marcos' 3% Cap for Contingency Funds

The proposed 3% cap on unprogrammed appropriations (UAs) in the Philippines presents an opportunity for digital artists to streamline their finances, reduce uncertainty, and boost efficiency. Here are five ways professionals in this industry can benefit from this new fiscal discipline

1. Streamlined Budgeting With a 3% cap on UAs, digital artists and freelancers can allocate a larger proportion of their budget towards creative projects, rather than administrative costs. This clarity allows for more effective financial planning, enabling professionals to make informed decisions about project investments and timelines.

2. Reduced Uncertainty The proposed UA cap provides a clearer picture of available funds, allowing digital artists to make more informed decisions about project investments and timelines. This reduced uncertainty enables professionals to plan ahead, minimizing last-minute funding adjustments or scrambling for alternative revenue streams.

3. Increased Efficiency By setting a lower threshold for UAs, digital artists can focus on delivering high-quality work efficiently, rather than worrying about budgetary uncertainties. This increased efficiency enables professionals to prioritize their creative projects and execute them more effectively.

4. Enhanced Collaboration The 3% cap can foster greater collaboration among digital artists by promoting a sense of shared responsibility and accountability for managing budgets effectively. This collaborative approach can lead to stronger professional networks, improved project execution, and enhanced overall industry performance.

5. Better Financial Planning By incorporating the proposed UA cap into their financial planning, digital artists can develop more robust budgeting strategies, identify potential areas for cost savings, and make informed decisions about investments in tools, software, and training. This proactive approach enables professionals to optimize their finances, allocate resources effectively, and drive business growth.

By embracing this new fiscal discipline, digital artists can benefit from a more stable and predictable financial environment, allowing them to focus on what they do best – creating innovative and engaging digital art.

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.