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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Old Strategy:", Unpublished MIT Thesis, Department of Urban Studies and Planning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
million pesos) million pesos) 1989 190.5 n.a n.a 1990
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