Fiscal implications of the Local Goverment Code of 1991 /
By: Manasan, Rosario G.
Series: Vol. 19 No. 1 First Sem 1992.Description: p.1-58.Subject(s): Local Government Code | Local Government Code - Fiscal aspects | PIDS JPD 1992Online resources: Click here to access online In: Journal of Philippine DevelopmentSummary: This study aims to analyze some of the provisions of the 1991 LGC as these impact on the financial position of LGUs as well as to highlight their other fiscal consequences. The approach followed was to stimulate the fiscal repercussions of the Code provisions - singly and in combination with one another - and to compare the results thus obtained with the situation that would prevail if the Code were not effected. Where generalizations cannot be made with certainty, this paper presents illustrative examples based on actual data from specific LGUs to accentuate certain ramifications of the Code. In doing so, these LGUs were assumed to exhibit same level of collection efficiency before and after Code implementation. Likewise, the tax base of any given LGU was assumed to increase at a rate equal to its historical growth rateThis study aims to analyze some of the provisions of the 1991 LGC as these impact on the financial position of LGUs as well as to highlight their other fiscal consequences. The approach followed was to stimulate the fiscal repercussions of the Code provisions - singly and in combination with one another - and to compare the results thus obtained with the situation that would prevail if the Code were not effected. Where generalizations cannot be made with certainty, this paper presents illustrative examples based on actual data from specific LGUs to accentuate certain ramifications of the Code. In doing so, these LGUs were assumed to exhibit same level of collection efficiency before and after Code implementation. Likewise, the tax base of any given LGU was assumed to increase at a rate equal to its historical growth rate