Tag: national tax share
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LGUs to Pocket P1.19 Trillion National Tax Share in 2026: A Local Budget Breakthrough
Overview: A Milestone for Local Budgets The latest government projections show local government units (LGUs) will collectively receive about P1.19 trillion in 2026 as their share of national taxes. This significant allocation is poised to reshape local budgeting and public service delivery across the country, enabling municipalities and provinces to accelerate development projects, improve health…
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LGUs to Receive P1.2 Trillion National Tax Share in 2026: A New Era for Local Budgets
Big Increase in Local Fiscal Resources Expected in 2026 Local government units (LGUs) across the Philippines are set for a significant funding boost in 2026, receiving about P1.19 trillion from their shares of national taxes. This allocation marks a pivotal shift in local finance, equipping LGUs with greater resources to expand public services, infrastructure, and…