Fiscal Decentralization and Local Finance Reforms in the Philippines

Gilberto M. Llanto

No DP 2009-10, Discussion Papers from Philippine Institute for Development Studies

Abstract: The paper examines the progress being made in local finance reforms and indicates pathways to advance those reforms. A summary of the effects of decentralization is given as a contextual background for the discussion of local finance reforms. The inefficient tax assignment has constrained the mobilization of local tax revenues even as local government units have become very dependent on the intergovernmental fiscal transfer, called the “internal revenue allotment.†The paper raises the importance of revisiting the internal revenue allotment formula. It identifies the local finance reforms currently being undertaken and reports the progress being made at the local and national level. The final section comments on the outstanding issues in local finance reform and gives some recommendations.

Keywords: internal revenue allotment; fiscal decentralization; local government code; intergovernmental fiscal transfers; tax-expenditure assignment (search for similar items in EconPapers)
Pages: 80
Date: 2009
New Economics Papers: this item is included in nep-pbe and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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