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Fiscal Decentralisation in Philippines

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Overview

This report examines the fiscal decentralisation experience in Philippines. Since 1991, the central government has devolved significant spending, taxing, and borrowing powers to local governments. This paper discusses fiscal decentralization in the Philippines. It reviews the tax regimes in view of the vertical and horizontal fiscal gaps.

Local governments receive intergovernmental fiscal transfer or block grants called the ‘internal revenue allotment’ based on a formula that has population, land size and equal sharing as criteria. In contrast, performance-based grants seem to open pathways for instilling greater accountability on the part of local governments. To make financing more accessible and competitive to local governments, it demonstrates the need to pursue further reforms in credit markets.

 

PUBLICATION DETAILS
Years: 2012
Publisher: UN-HABITAT
HS Number: 129/11E
No of Pages: 56
ISBN Series Number: 978-92-1-132027-5
ISBN: 9789211324143

Fiscal Decentralisation in Philippines

Fiscal Decentralisation in Philippines 716.75 KB 637 downloads
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