A Study to Revisit the LGU Financing Framework and Its Implementation

"A Study to Revisit the LGU Financing Framework and Its Implementation" is a report prepared by Anthony J. Pellegrini and Ma. Cecilia G. Soriano for the Department of Finance. The main purpose of this study is to revisit and propose amendments to the Local Government Unit (LGU) Financing Framework. Among the changes being proposed in this paper is the review of cost sharing arrangements between the national and local governments and the Municipal Development Fund, government financial institutions in terms of their roles and responsibilities. Suggestions on improving institutional arrangements between national and local governments are also proposed here to improve the governance and development at the local level. This report includes four papers which include: (1) Assessment of LGU Financing Framework and Its Implementation; (2) Inventory of Financing and Technical Assistance Provided to LGUs