MANILA, Philippines – There will be a sharp decline in the internal revenue allotment (IRA) for local government units (LGUs) in the proposed national budget for 2012 because of the steep decline in revenue collections in 2009, Budget Secretary Florencio Abad said yesterday.
Fiscal year 2009 is the legally mandated base year to be used in computing the IRA for fiscal year 2012.
In a statement, Abad said IRA shares in 2012 will decrease by 4.8 percent from this year’s allocation of P286.9 billion to P273.3 billion.
He said that in 2009, the global financial crisis weakened revenue collections for the year.
“Year after year, we in the DBM (Department of Budget and Management) have followed the provisions of the Local Government Code on the share of LGUs in national internal revenue taxes, with no exception. It is unfortunate that revenues in 2009 declined, but that is the legally-mandated base year for computing the IRA for fiscal year 2012,” Abad said.
Section 284 of Republic Act 7160 states that LGUs shall have a 40-percent share in national internal revenue taxes “based on the collection of the third fiscal year preceding the current fiscal year.”
Abad urged LGUs to align their projects to the five priority areas under the social contract of President Aquino. –Delon Porcalla (The Philippine Star)
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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