Province vows to increase local revenue collection


The provincial government of Palawan has vowed to increase its local revenue generation from real property taxation and income generating enterprises and veer away from over-reliance on its Internal Revenue Allocation coming from the national government to finance its development agenda.

Provincial Treasurer Elino Mondragon noted that their collection from gravel and sand extraction, as part of the local sources of fund, has recorded an increase reaching to around P110 million after the Provincial Mining and Regulatory Board (PMRB) set higher fees from the extraction of aggregates.

Mondragon said that the province needs to meet the 40% per annum collection from local sources to be self-sustaining, a task which according to him is difficult to achieve this time.

At present, around 10% to 12% of the annual budget are coming from local sources while the rest are still dependent on the Internal Revenue Allotment (IRA) and external sources of funds such share from the national wealth.

“The national government is pushing na dapat hindi dependent sa IRA (Internal Revenue Allotment) ang LGU. Highly dependent pa rin tayo sa ngayon IRA,” Mondragon said.

This year’s IRA amounts to P2,372,000.00 a little higher compared to last year which was around P2.1 million.

In 2018, the provincial government has fixed the budget at P P2,698,430,061.00  divided into general public services, social services and economic services.

General services cover offices in the provincial government like Treasury, Accounting including the Office of the Governor. Social services are offices focusing on providing social services like DSWD  while economic services cover infrastructure and income generating offices.

The general public services component of 2018 got a big share amounting to 1,160,737,000.00, social services amounts to P1,080,374,000.00 while the economic services only amount to P457,317,000.00.

Mondragon said that revenue from gas has been consistently high compared to mining.  Last year the province got a P26M share from the Galoc Oil Project in northwest Palawan while mining has paid P7 million.

This material may not be published, broadcast, rewritten, or redistributed. © Copyright 2018 - Qubes Publication and Ads Promotion. All rights reserved.

You may also like...

20 Comments

  1. Cool one! Interesting article over this website. It is pretty worth enough for me. In my view, if all website owners and bloggers made good content as you did, the net will be a lot more useful than ever before.| I couldn’t resist commenting. I have spent some hours searching for such informations. I’ll also share it with a couple of friends interested in it. I have just bookmarked this web. Now with the task done, I’ll find some model gay Cams. Thank you very much!! Greetings from San Francisco!

  2. It’s actually a nice and helpful piece of information. I am glad that you shared this useful information with us. Please keep us informed like this. Thank you for sharing.

  3. Cool! Interesting info over this web. It’s pretty worth enough for me. In my view, if all web owners and bloggers made good content as you did, the web will be much more useful than ever before. I could not refrain from commenting. I’ve spent 1 hour searching for such tips. I will also share it with a couple of friends interested in it. I’ve just bookmarked this website. Right now with the work done, I will enjoy some online hot gay cams. Thank you very much!! Greetings from Miami!

  4. Now you can buy free viagra and custom printed adult tapes online. We are the UK’s leading adult toy manufacturer. UKPRINTEDTAPE.CO.UK adult chat and dating .

  5. I like it! Interesting tips over this website. It is pretty worth enough for me. Personally, if all webmasters and bloggers made good content as you did, the internet will be a lot more useful than ever before. I could not refrain from commenting. I ‘ve spent 3 hours looking for such tips. I’ll also share it with some friends interested in it. I have just bookmarked this website. Now with the task done, I going to find some live shemale cams. Thank you very much!! Greetings from Philadelphia!

  6. Excellent read, I just passed this onto a colleague who was doing a little research on that. And he actually bought me lunch since I found it for him smile Thus let me rephrase that: Thanks for lunch! “Remember It is 10 times harder to command the ear than to catch the eye.” by Duncan Maxwell Anderson.

  7. You can definitely see your expertise in the work you write. The world hopes for even more passionate writers like you who aren’t afraid to say how they believe. Always follow your heart.

  8. The next time I read a blog, I hope that it doesnt disappoint me as a lot as this one. I mean, I know it was my option to learn, however I actually thought youd have something fascinating to say. All I hear is a bunch of whining about something that you might repair should you werent too busy searching for attention.

  9. Attractive section of content. I just stumbled upon your weblog and in accession capital to assert that I get in fact enjoyed account your blog posts. Anyway I will be subscribing to your augment and even I achievement you access consistently rapidly.

  10. I like what you guys are up too. Such smart work and reporting! Keep up the excellent works guys I¦ve incorporated you guys to my blogroll. I think it’ll improve the value of my website :)

Add a Comment

Your email address will not be published.