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 Department of Finance (DOF) underscored the importance of public access to local government financial data in monitoring and improving the performance of local government units (LGUs). Finance Undersecretary Cielo Magno said timely, pertinent, consistent, and openly accessible data on LGU...
The Muntinlupa City government took eighth place among cities in the Philippines in collection efficiency of local revenues in 2021. The Bureau of Local Government Finance (BLGF) under the Department of Finance (DOF) announced the top performing provinces, cities, and municipalities based on...
Finance Secretary Carlos G. Dominguez III has appointed 958 local treasury executives in the past five years to improve the fiscal position of the local government units (LGUs). In a statement released by the Department of Finance (DOF) on Wednesday, April 13, it said that Dominguez’s...
Local government units (LGUs) COVID-19 response amounted to P118.9 billion as of end June last year, the Department of Finance (DOF) reported on Sunday, Feb. 19. According to the Bureau of Local Government Finance (BLGF), an attached agency of the DOF, of the combined spending of LGUs on COVID-19...
Collections of locally sourced revenues (LSRs) slightly dipped in the third-quarter, as provinces, cities, and municipalities continue to rely heavily on their respective internal revenue allotment (IRA) shares to fund operations and programs. In a report to Finance Secretary Carlos G. Dominguez...
Muntinlupa emerged as one of the 10 top performing cities in local revenue generation in the country in 2020. The Bureau of Local Government Finance under the Department of Finance issued the list of the national top performing provinces, cities and municipalities in local revenue generation for...
The Bureau of Local Government Finance (BLGF) continued to carry out its role of helping improve the fiscal position of the local government units (LGUs) by professionalizing the country’s local treasury service. In a statement Monday, Oct. 25, Niño Raymond Alvina, BLGF executive director, said...
Real property valuations of local government units (LGUs) are not increasing fast enough to keep up with the market values of land in the country, the Asian Development Bank (ADB) said. During the virtual Bureau of Local Government Finance (BLGF) webinar Thursday, Oct. 21, Jose Antonio Tan III, ADB...
Most local executives remained heavily dependent on income they received from the national government to fund their operations, data from the Department of Finance’s (DOF) Bureau of Local Government Finance (BLGF) revealed. Based on the latest operating income reports submitted by local...
