Unformatted text preview: authority to create their own sources
of revenue and levy taxes, fees and charges, and they also get a share in national taxes which
are automatically and directly released to them. The allocation of inter-governmental
transfers for a province, city or municipality is based on 50 % of the population of the unit,
25% of land area of the unit and 25% on equal sharing of resources. The proceeds of
national taxes, local revenues and other funding support from the national government are
intended to fund part of the basic services and facilities.
For Olongapo City, the amounts of transfers in real pesos show a gradual increase
after the implementation of the 1991 LGC, and a steady decline after 1995 (Fig. 3.4). The
percentage of transfers relative to total revenue is higher for the first three years after the
implementation of the Code, but has also been on a decline since 1995 due to increased
contributions from public enterprises (Fig. 3.2). Transfers are mostly used to cover Public
Welfare and General Government recurrent expenditures....
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- Winter '13
- Revenue, ........., Olongapo City, Tax rates around the world