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Fiscal-Decentralisation-in-Phi
Abstract

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 Year
2012
ISBN (Unique ID)
9789211324143
ISBN Series Number
978-92-1-132027-5
HS Number
129/11E
Number of Pages
56 pages
Publisher Name
UN-HABITAT
Themes