Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword or section
Like this
0Activity

Table Of Contents

P. 1
Fiscal Decentralization in the Philippines

Fiscal Decentralization in the Philippines

Ratings: (0)|Views: 1,020 |Likes:
This report examines the fiscal decentralization experience in Philippines. Since 1991, the central government has devolved significant spending, taxing, and borrowing powers to local governments. This paper discusses fiscal decentralization in the Philippines. It reviews the tax regimes in view of the vertical and horizontal fiscal gaps. Local governments receive intergovernmental fiscal transfer or block grants called the ‘internal revenue allotment’ based on a formula that has population, land size and equal sharing as criteria. In contrast, performance-based grants seem to open pathways for instilling greater accountability on the part of local governments. To make financing more accessible and competitive to local governments, it demonstrates the need to pursue further reforms in credit markets.
This report examines the fiscal decentralization experience in Philippines. Since 1991, the central government has devolved significant spending, taxing, and borrowing powers to local governments. This paper discusses fiscal decentralization in the Philippines. It reviews the tax regimes in view of the vertical and horizontal fiscal gaps. Local governments receive intergovernmental fiscal transfer or block grants called the ‘internal revenue allotment’ based on a formula that has population, land size and equal sharing as criteria. In contrast, performance-based grants seem to open pathways for instilling greater accountability on the part of local governments. To make financing more accessible and competitive to local governments, it demonstrates the need to pursue further reforms in credit markets.

More info:

Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

03/26/2014

pdf

text

original

 
@OSCGB KICIN[QGBO\G[OFN
ON [MI UMOBOUUONIS
 
Sic7<ooo
Ynotik Ngtofns Muhgn Sittbihints UrfdrghhiNgorfao 1577
@OSCGB KICIN[QGBO\G[OFN
ON [MI UMOBOUUONIS

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->