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DBM releases guidelines on the preparation of annual budgets of LGUs

Summary by The Manila Times
THE Department of Budget and Management (DBM) has released the guidelines on the preparation of the FY 2024 annual budgets of Local Government Units (LGUs) as their indicative National Tax Allotment (NTA) shares for fiscal year (FY) 2024 were pegged at P871.38 billion.DBM Secretary Amenah F. Pangandaman signed on 09 June 2023 the Local Budget Memorandum (LBM) No. 87, spelling out the factors in the allocation of the FY 2024 NTA shares of the LGU…

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The Manila Times broke the news in Manila, Philippines on Friday, June 16, 2023.
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