CITY OF MALOLOS–Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman will meet Region 3 budget officers here on Monday to discuss the guidelines on the preparation of the 2024 annual budget of the Local Government Units (LGUs) as the country’s total National Tax Allotment (NTA) shares for all the provinces municipalities, cities and barangays for 2024 amounts to P871.38 billion.
In a morning forum before Pangandaman speaks as guest speaker at a 2:00 p.m. commencement exercises in Bulacan State University, the secretary will brief her local counterparts in Central Luzon what she signed Local Budget Memorandum (LBM) No. 87 which provides for the factors in the allocation of the 2024 NTA shares of the LGUs consistent with the codal formula provided in the Local Government Code of 1991 and in compliance with the Supreme Court Ruling on the consolidated cases of Congressman Hermilando I. Mandanas, et al. vs. Executive Secretary Paquito N. Ochoa, Jr., et al. and Honorable Enrique T. Garcia, Jr. vs. Executive Secretary Paquito Ochoa, et al.
Pangandaman said the LGUs’ total NTA shares for 2024 amounts to P871.38 billion, based on the certifications issued by tax collecting agencies–Bureau of Internal Revenue (BIR), P688.00 billion; Bureau of Customs (BOC), P183.36 billion; and other agencies certified by Bureau of the Treasury (BTr), P19.60 million.
Under the Memorandum, the municipalities are entitled to the biggest amount of NTA that is pegged at P295.47 billion, followed with cities with P201.22 billion, provinces with P200.42 billion, and barangays with P174.28 billion.
There are 17 regions, 82 provinces, 148 cities, 1493 towns and 42,049 barangays, data from the Department of Interior Local Government (DILG) said.
The Memorandum also outlined the guidelines on the preparation of the FY 2024 annual budgets of the LGUs, including the priorities in the use of the NTA and other local resources. Accordingly, the NTA and other local resources shall first cover the cost of providing the basic services and facilities enumerated in Section 17 (b) of the Local Government Code of 1991, particularly those devolved by the national government, before applying the same for other purposes.
All LGUs are likewise reminded to appropriate funds in its annual budget no less than twenty percent (20%) of its NTA share for development projects, which is commonly known as the 20% Development Fund, and to allocate funds for programs, projects and activities as mandated by pertinent laws.