5 2660 2961 2958 3639 3884 4624 5644 6768 305 70 113

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Unformatted text preview: 95.8 363.9 388.4 462.4 564.4 676.8 30.5% 7.0% 11.3% -0.1% 23.0% 6.7% 19.0% 22.1% 19.9% n.a 266.03 272.98 252.91 274.38 264.14 277.87 305.32 296.42 Source: Data compiled and calculated from: Olongapo City Budget Summary 1999 Notes: Constant values at 1991 prices, calculated from annual inflation rates from National Statistics Office (NSO) of Philippines n.a = not available; $1 = 40 Pesos Per capita figures for revenue generation show an increase in real and constant pesos. But per capita figures for local tax generation show a decline in real and constant pesos, despite the increase in tax rates in 1995 (Table 3.3). The per capita revenue from taxes in constant prices is higher than the national average in 1991 but dropped to less than 50 percent of the national average in 1995. The next section takes a closer look at the trends of some of the main sources of income, which are property tax, business tax, and income of public enterprises and inter-governmental transfers. 13 Since the 1991 L...
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This document was uploaded on 01/27/2014.

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