President Ferdinand Marcos Jr. signed into law on Thursday, October 26, 2023, Republic Act (RA) 11964, institutionalizing the automatic income classification of local government units (LGUs) to provide a more responsive approach to the promotion of local autonomy and to enable LGUs to realize their full economic potential.
PBBM inks law on LGUs automatic income classification radyonatin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from radyonatin.com Daily Mail and Mail on Sunday newspapers.
THE Department of Finance (DoF) on Friday welcomed the endorsement of the Legislative-Executive Development Advisory Council (Ledac) of five key fiscal and economic reforms proposed by the department for legislative approval within the year.