MANILA, Philippines — Local government units (LGUs), which may not be well-equipped to implement big-ticket projects, are at risk of underspending as much as P155 billion or nearly two-thirds of their additional internal revenue allotment (IRA) next year when the implementation of the Mandanas ruling goes on full swing, the World Bank warned on Thursday.
The World Bank’s Philippine economist Kevin Cruz told a virtual briefing that LGUs at present already faced difficulties implementing big budgets, especially complex capital-outlay investments which needed more time to prepare and expertise to roll out.
Next year, LGUs’ IRA — now called national tax allotment (NTA) — will be add…
Keep on reading: WB: LGUs could underspend P155B in 2022 amid bigger budgets