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Manila Bulletin devider Business devider LGUs' budget to be allotted P871 B in 2024

LGUs' budget to be allotted P871 B in 2024

Published Sep 19, 2023 05:55 am

At A Glance

  • The Department of Budget and Management (DBM) has announced higher national tax allotments (NTA) for local government units (LGUs) next year to stimulate economic growth.<br>The DBM has allocated P871.3 billion for NTA in the coming year, a 6.2 percent increase compared to this year. <br>This increase aligns with President Marcos' commitment to effective resource utilization at the local level for sustained economic development.<br>The allocation to LGUs excludes funds for programs under national government agencies implemented across regions. LGUs will receive a total of P1.008 trillion, equivalent to 17.5 percent of the proposed 2024 national budget.<br>The increase in NTA shares for LGUs is due to higher revenue collections in 2021 compared to 2020, attributed to the gradual reopening of the economy after Covid-19 lockdowns.<br>The proposed Total NTA Shares allocate P200.416 billion to provinces, P201.2 billion to cities, P295.4 billion to municipalities, and P174.2 billion to barangays.<br>Each LGU is required to allocate at least 20 percent of its NTA share to development projects known as the Development Fund (DF).<br>The 2024 NTA is consistent with the LGC of 1991 and the Supreme Court ruling on the Mandanas-Garcia Case, strengthening fiscal decentralization.<br>Local governments are entitled to a fair share of national taxes, automatically released as determined by law and the 1987 Philippine Constitution.

The Department of Budget and Management (DBM) said that local government units (LGUs) will receive additional national tax allotments (NTA) next year to boost economic growth nationwide.

In a statement, Budget Secretary Amenah F. Pangandaman said the DBM has allocated P871.3 billion for NTA in the upcoming year, a 6.2 percent increase compared to this year's P820.2 billion.

Pangandaman said this increase aligns with President Marcos' commitment to effectively utilize resources at the local level, promoting sustained economic development throughout the country.

The DBM chief, however, clarified that the allocation to LGUs does not include funds for programs implemented by national government agencies across the regions.

In total, LGUs will receive P1.008 trillion, which is equivalent to 17.5 percent of the proposed 2024 national budget.

The increase in NTA shares for LGUs is a result of higher revenue collections in 2021 compared to 2020. This can be attributed to the gradual reopening of the economy following the lockdowns during the peak of the pandemic.

According to Sections 284 and 285 of the Local Government Code (LGC) of 1991, the proposed total NTA shares allocated P200.416 billion to the 83 provinces.

In addition, the proposed total NTA shares set aside P201.2 billion for the 148 cities and P295.4 billion for the 1,486 municipalities. Furthermore, P174.2 billion was earmarked for the 41,953 barangays across the country.

Each LGU is also required to allocate at least 20 percent of its NTA share to development projects, commonly referred to as the development fund.

The 2024 NTA follows the LGC of 1991 and the Supreme Court ruling on the Mandanas-Garcia Case. This strengthens fiscal decentralization by increasing the tax base used to calculate the NTA.

As per the 1987 Philippine Constitution, local governments are entitled to a just share of national taxes, which will be automatically released according to the law. (Gabriell Christel Galang)

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Department of Budget and Management Budget Secretary Amenah F. Pangandaman
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