Urban Planning in Philippine Development Setting
Urban Planning in Philippine Development Setting
Urban Planning in Philippine Development Setting
PHILIPPINE DEVELOPMENT
SETTING
Topic:
EXTERNAL SOURCES OF
LOCAL REVENUE
Jeannifer B. Villanueva
11-MPMG-011
Dean C. Laurente
Funding Sources for the Local
Government Units
The enactment of the Local Government
Code in 1991 broadened the authority of
Local Government Units (LGUs) to utilize
available and potential sources of revenue
and strengthen their fiscal position to
enable them to provide adequate services
to their constituents.
Local government revenues are derived
from two major sources: local, or internal,
and external.
Financing alternatives for LGU’s
A. Internal
1. Tax revenues
a. RPT
b. Business Tax
2. Non Tax Revenues
a. Receipts from Economic Enterprises
b. Fees and Charges
B. External
1. Internal Revenue Allotment (IRA)
2. Share in National Wealth
3. Local/ Foreign grants and Aid
C. Borrowings
1. Direct Loans
a. MDFO (Municipal Development
Fund Office)
b. GFI’s (Govt Financial Institutions)