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Economic boost from the ground up


Published May 21, 2021, 12:12 AM
The Philippine government continues to find ways to revitalize a sluggish economy from recession and to overcome an ongoing pandemic with a national public health infrastructure that is barely coping with its deleterious effects.  While attention is presently focused on ramping up vaccinations to facilitate the reopening of the economy, the Department of Finance is also prodding local government units (LGUs) to improve and optimize their revenue-raising capacity.
This comes after the DOF’s Bureau of Local Government Finance (BLGF) had earlier lowered revenue targets for LGUs from an initial pre-pandemic goal of P321.6 billion to P223.9 billion, or 30 percent lesser. From this, P165.2 billion is expected to come from cities, P26.47 billion from municipalities, and P32.32 billion from provinces. ....

Bureau Of Local Government Finance , Asian Development Bank , Local Government Finance , Local Governance Reform Project , Governance Reform , President Duterte , பணியகம் ஆஃப் உள்ளூர் அரசு நிதி , ஆசிய வளர்ச்சி வங்கி , உள்ளூர் அரசு நிதி , உள்ளூர் ஆளுகை சீர்திருத்தம் ப்ராஜெக்ட் , ஆளுகை சீர்திருத்தம் ,