Elections and related spending no longer provide the same economic boost as they once did. As a result, an economist at Ateneo de Manila University expects the Philippine economy to grow below goal this year, despite the upcoming midterm elections in May. Luis Dumlao, associate professor and senior...
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...
The Senate has approved on Monday, August 7, the proposed law that seeks to institutionalize the automatic income classification of provinces, cities, and municipalities on third and final reading. Sen. Joseph Victor “JV” Ejercito principal author and sponsor of Senate Bill No. 2165,...
Senator Joseph Victor “JV” Ejercito on Wednesday, May 10 sponsored the proposed Automatic Income Classification of Local Government Units (LGUs) or Senate Bill No. 2165, one of the priority measures of the Marcos administration. The bill primarily seeks to institutionalize the...
The House Committee on Local Government on Thursday, Nov. 17, approved the measure seeking to institutionalize the automatic income classification of provinces, cities and municipalities to boost the capacities of local government units (LGUs) in providing socio-economic benefits to LGU personnel....
