Locally sourced LGU revenues increase 5%

By Mayvelin U. Caraballo

Aug 23, 2021 12:43 am

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.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Govt urged to adopt 'vital' reforms

Globe's Cu to leave in April 2025

GIC, Macquarie eyeing sale of $2-B EDC stake

IMF retains PH growth forecasts

IMF predicts slightly slower global growth

Forex trading halted; PSEi retreats

PEZA approves 198 new projects worth P123.71B