About: Internal Revenue Allotment

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The Internal Revenue Allotment (IRA) is a local government unit’s (LGU) share of revenues from the Philippine national government. Provinces, independent cities, component cities, municipalities, and barangays each get a separate allotment. The allotment is largely based upon the type of government they are and a formula based upon their land area and population. Section 284 of the Local Government Code of the Philippines (RA 7160) sets up the formula for the distribution of the allotment.

Attributes	Values
rdfs:label	Internal Revenue Allotment (en)
rdfs:comment	The Internal Revenue Allotment (IRA) is a local government unit’s (LGU) share of revenues from the Philippine national government. Provinces, independent cities, component cities, municipalities, and barangays each get a separate allotment. The allotment is largely based upon the type of government they are and a formula based upon their land area and population. Section 284 of the Local Government Code of the Philippines (RA 7160) sets up the formula for the distribution of the allotment. (en)
dcterms:subject	Local government in the Philippines
Wikipage page ID	14901379 (xsd:integer)
Wikipage revision ID	937357541 (xsd:integer)
Link from a Wikipage to another Wikipage	Property taxes Sangguniang Kabataan Barangay Local government in the Philippines Philippines Local government unit Philippine national government Philippine city Philippine municipalities Philippine provinces Local Government Code
Link from a Wikipage to an external page	https://web.archive.org/web/20080508193627/http:/www.dilg.gov.ph/LocalGovernmentCode.aspx
sameAs	Internal Revenue Allotment Internal Revenue Allotment Internal Revenue Allotment
dbp:wikiPageUsesTemplate	dbt:More_footnotes dbt:Multiple_issues dbt:Philippines-stub dbt:Refimprove dbt:Reflist dbt:Politics_of_Philippines dbt:Philippines_topics dbt:Philippines_political_divisions dbt:Types_of_administrative_country_subdivision
has abstract	The Internal Revenue Allotment (IRA) is a local government unit’s (LGU) share of revenues from the Philippine national government. Provinces, independent cities, component cities, municipalities, and barangays each get a separate allotment. The allotment is largely based upon the type of government they are and a formula based upon their land area and population. Section 284 of the Local Government Code of the Philippines (RA 7160) sets up the formula for the distribution of the allotment. All or nearly all of the revenue that a local government has to spend comes from their IRA, though some local governments also have additional local sources of revenue such as property taxes and government fees. Typically for municipalities, the IRA accounts for 90% of total revenues. Since cities have more sources of local revenues, their IRA ranges from 50% to 70% of their total budget. A portion of each local government unit's allotment is set aside their Sangguniang Kabataan (SK) or youth council. The IRA is automatically released to each local government unit and may not be held back by the national government for any reason, except in the extreme case of an "unmanageable public sector deficit", in which case the allotment may be adjusted but provided it not be set to "be less than thirty percent (30%) of the collection of national internal revenue taxes of the third fiscal year preceding the current fiscal year". (en)
gold:hypernym	’
prov:wasDerivedFrom	wikipedia-en:Internal_Revenue_Allotment?oldid=937357541&ns=0
page length (characters) of wiki page	2176 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Internal_Revenue_Allotment
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