In a devolved country, adequate and timely intergovernmental financial transfers are often critical to the ability of subnational governments to operate effectively and deliver public services. A well-designed intergovernmental transfer system, when accompanied with sufficient […]
After three decades of decentralization, Philippine local government units (LGUs) still face challenges in delivering basic services devolved to them with the passing of the Local Government Code of 1991. Despite of the enactment of […]
PRESS RELEASE National Treasury is proud to launch “Municipal Money“, an open local government budget data portal which provides citizens and other stakeholders with access to comparable, verified information on the financial performance of each […]
Dense cities are a rational choice for the increasingly urban world, where concerns about environmental sustainability and urban sprawl are paramount (UN-Habitat, 2012). Among their many advantages, dense cities help preserve fertile rural lands, decrease […]
Public financial management (PFM)—-the science and art of budgeting, spending, and accounting for public funds—-is among the most fundamental elements of public sector reform. PFM not only helps to ensure that there are clear rules […]
The way public finances are organized in a country forms the basis for how local authorities run their activities in cities, towns and villages. While national governments have the responsibility to design and supervise a […]
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