Tag page - Automatic Income Classification of Local Government Units Act.

The new law on the automatic income classification of local government units (LGUs) will help ensure the fiscal sustainability and revenues of local governments, the Department of Finance (DOF) said. Republic Act No. 11964 or the Automatic Income Classification of Local Government Units Act updates...

The newly-signed law that institutionalizes the automatic income classification of local government units (LGUs) will help boost the economic growth and local autonomy of LGUs and ease the national government’s distribution of financial grants to them, Senator Joseph Victor “JV” Ejercito...