Showing posts with label Libacao. Show all posts
Showing posts with label Libacao. Show all posts

The Best Possible Sources of Local Revenue in the Municipality of Libacao, Aklan

Admin Tuesday, May 28, 2013 Add Comment
Here in the Philippines, the local government has been given the authority to generate their own revenues from various sources.  These sources are the following:

1.  Local Taxes and Fees

Local government units (LGU) are given authority to levy their own taxes, fees and other sources of revenues, consistent with the basic policies in the Local Government Code.

2.  Internal Revenue Allotment (IRA)

All or nearly all of the revenue that a local government has to spend comes from their IRA. Typically for municipalities and many cities, the IRA accounts for 90% of total revenues. Few cities and municipalities have more sources of local revenues, their IRA ranges from 50% to 70% of their total budget.

3. Grants, Loans

Under the Local Government Code, LGUs in the Philippines were also authorized to seek grants and contract loans, credits, and other forms of indebtedness with any domestic private bank and other lending institutions. Borrowed funds can be used to finance the construction, installation, improvement, expansion, operation, or maintenance of public facilities, infrastructure facilities, housing projects, the acquisition of real property, and the implementation of other capital investment projects.

The Internal Revenue Allotment, which is the biggest source of revenue of almost all local government units, cannot keep up with their increasing needs.   The LGUs need to intensify their local revenue sources to fill-in the budget gap.

Most common local revenue sources of the LGUs are the Local Taxes, Licenses and Fees (business and real property) and their local economic enterprises - most common are Public Markets, Bus Terminals, and Cemeteries.

In the Municipality of Libacao, Aklan, what do you think is the best possible source of local revenue aside from the those stated above?

Local Economic Development Programs and Initiatives In Libacao, Aklan

Admin Friday, April 12, 2013 1 Comment
Local economic development requires the creation of an environment that enables the stimulation of new opportunities.  Local economic development programs should aim to strengthen good governance, and identify sustainable income generating opportunities for the local community, particularly for the low-income members in the community.  Also, local economic development programs should be designed to meet the specific needs of the people in the local community.

In Libacao, Aklan, what economic development initiatives or programs you have in mind that the local government should implement to improve the economic condition of the people?

Do you know of any economic development programs currently implemented by the local government?

Good Governance Practices in the Local Government of Libacao, Aklan

Admin Monday, April 01, 2013 Add Comment
Good governance is an important factor in achieving sustainable development and poverty reduction. Local government units (LGUs) all over the country are faced with a continuously growing population and the associated social needs. Resources available to LGUs are however not growing at a similar pace. In this context, efficient management of limited resources, popular participation and the development of productive partnerships between the local government, civil society, grassroots communities, as well as the private sector, are essential tools to progress.

A good number of development NGOs are recognizing and documenting these exemplary local governance practices with the hope of being replicated in different LGUs where they are applicable.

If you are a resident or have been to Libacao, Aklan and have experienced how things are being done in the municipality, are you aware of any initiatives that the local government are doing that promotes innovative and excellent local governance programs to successfully address urgent management, social and economic problems?

On the other hand, In what area do you think that the local government of Libacao, Aklan should improve?