Looking at LGUs’ budget surplus and the ProGRESS consultation

BusinessWorld - BusinessWorld Online 25 h Philippines

While the National Government suffers from a persistent and consistent budget deficit of P1.5 trillion a year (on average from 2020-2025), local government units (LGUs) have consistent budget surpluses yearly. This is because their revenues are rising with the implementation of the Mandanas ruling, which increases their share of national revenues while their expenditures are […]

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