ILOILO City – This city’s 2023 National Tax Allotment (NTA) share, formerly known as Internal Revenue Allotment (IRA), will suffer a considerable decrease of about 14% or some P200 million.
This will result to a lower projected income for the city next year.
As a consequence, there would be limited fiscal space for all the identified programs, projects and activities of the city.
“Allowances to national government employees are among those affected and will be adjusted to lower rates per month as the grant of the same is subject to availability of funds. However, the city mayor instructed that the rates will be reverted once the economic setbacks of the COVID-19 pandemic are addressed,” city budget officer Viminale A. Capulso said.
She added that right now, the priority of the city government is the funding of devolved functions and addressing the WHEELS (Welfare, Health, Education, Environment, Livelihood, Sustainability) Program of Mayor Jerry Treñas.
Section 284 of the Local Government Code provides that the share of local government in the national internal revenue taxes is based on the collection of the third fiscal year preceding the current fiscal year./PN
