Figure 33 shows percentage contribution of the major

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Unformatted text preview: ercentage contribution of the major sources of income. The composition vaies across time. The proportion of income from taxes has generally declined, while income from Internal Revenue Allotment (IRA), a transfer from the center increased Laraya, M. L. (1993) "The Philippines Subic Special Economic and Free Port Zone: A New Approach to an Old Strategy:", Unpublished MIT Thesis, Department of Urban Studies and Planning 1 after the LGC was passed". Since 1995 proportional contribution from IRA has seen a steady decline while the proportional contributions from non-tax revenues have increased, which implies a reduction in dependency on IRA 4 . But in 1991 constant prices, income from taxes and non-tax revenues have generally declined and only IRA has shown an increase in constant pesos (Fig. 3.4). Table 3.2 Olongapo City Revenue Growth, 1989 - 1999 Year Revenue (in Growth Rate of 1991 Constant (in Revenue million pesos) million pesos) 1989 190.5 n.a n.a 1990 1991 1992 1993 1994 1995 1996 1997 1998 248.5 266.0 296.1 2...
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This document was uploaded on 01/27/2014.

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