Local government units will receive a total national tax allotment (NTA) of P871.3 billion in 2024, up by P51.11 billion
Pangandaman said in a statement the increase aimed to stimulate significant inclusive growth of LGUs. She said this was in line with the commitment of President Ferdinand Marcos, Jr. to ensuring that resources are utilized most effectively at local levels, fostering sustained economic development across the country.
“This allocation to LGUs excludes the funds for programs under various national government agencies which are intended for implementation across regions nationwide,” she said. Under Sections 284 and 285 of the Local Government Code of 1991, the 83 provinces were allotted P200.416 billion in the proposed total NTA shares.
Each LGU is also mandated to appropriate no less than 20 percent of its NTA share for development projects, which is commonly known as the Development Fund.
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