MANILA, Philippines—The bigger budget share and responsibilities to be bestowed on local government units (LGUs) in 2022 may slow public spending and was flagged by the Manila-based Asian Development Bank (ADB) as a downside risk to the Philippines’ economic recovery.
“Typically, when expenditure functions are also being transferred to local governments, there’s always that period when they revise their budgets, you’ve got to bring in new staff and new skills,” said Kelly Bird, ADB country director for the Philippines, at a press conference on Wednesday (April 28).
“So there’s always risk that on the ground, there will be some delayed project or program implem…
Keep on reading: ADB: Bigger LGU share in national revenue in 2022 could slow spending