The Department of Finance (DoF) said local government units (LGUs) increased their collections from locally sourced revenues (LSRs) by 5 percent to P168.96 billion in the second quarter (Q2) of 2021, up from P161.49 billion the previous year.
It, however, added that local governments continue to rely significantly on its internal revenue allotment (IRA) portion to fund their operations and initiatives.
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