MANILA, Philippines — The country’s premier think tank has thumbed down the proposal for local government units (LGUs) to allocate 10 percent of their internal revenue allotment (IRA) to agriculture once the Garcia-Mandanas ruling is implemented next year.
The Philippine Institute for Development Studies (PIDS) said the proposal, filed under Senate Bill 1138, may reduce the efficiency of LGUs that are not considered agricultural, adding that it would limit LGUs’ spending on industries that they would like to prioritize.
“[B]ecause of the varied profiles and expenditure, revenue-raising and investment programming priorities of LGUs, earmarking LGU funds for agricultural develop…
Keep on reading: Proposed bill on IRA a drawback to non-agricultural LGUs, says think tank