The Department of Budget and Management (DBM) has released the guidelines on the preparation of the annual budgets of local government units (LGUs), which indicative national tax allotment share was pegged at P871.38 billion for 2024. ManilaBulletin
The Department of Budget and Management says the indicative national tax allotment shares of local government units for 2024 are pegged at P871.38 billion.DBM reminds all LGUs to appropriate funds in their annual budget no less than 20 percent of their NTA share for development projects,
Local Budget Memorandum No. 87 dated June 9, 2023, signed by Budget Secretary Amenah F. Pangandaman, details the factors in the allocation of the 2024 NTA shares of the LGUs consistent with the codal formula provided in the Local Government Code of 1991 and in compliance with the Mandanas ruling. The Bureau of Internal Revenue , P688.00 billion; Bureau of Customs, P183.36 billion; and other agencies certified by Bureau of the Treasury, P19.60 million.The DBM memorandum further stated that municipalities are entitled to an NTA share of P295.47 billion, cities with P201.22 billion, provinces with P200.42 billion, and barangays with P174.28 billion.
Accordingly, the NTA and other local resources shall first cover the cost of providing the basic services and facilities enumerated in Section 17 of the Local Government Code of 1991, particularly those devolved by the national government, before applying the same for other purposes.
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