LOCAL GOVERNMENTS will continue to receive higher internal revenue allotment (IRA) shares from the national government next year, with the Department of Budget and Management (DBM) capping the amount at P486.885 billion.
Jun 222016
LOCAL GOVERNMENTS will continue to receive higher internal revenue allotment (IRA) shares from the national government next year, with the Department of Budget and Management (DBM) capping the amount at P486.885 billion.
THE TOTAL internal revenue allotment (IRA) share of local government units (LGUs) in this year’s P2.265-trillion budget went up by more than a tenth from last year as the state’s revenue collections continued to improve.
The Department of Budget and Management (DBM) will release by end-month the December internal revenue allotment (IRA) share of Eastern Visayas (Region VIII) to help local governments cope with the damage wrought by super typhoon Yolanda (international name: Haiyan).