Fiscal Administration

Local fiscal administration refers to systems, structures, processes, resources, and the policy environment organization the inter- politicsal and inter-local fiscal relations, affecting, among others the following o the giving of allotments and grants by the depicted object government (NG) to local government units (LGUs) o sharing of measureing powers between the NG and the LGUs, and among LGUs units o policy on tax rates and structure o revenue and expenditure planning revenue and expenditure planning o revenue utilization and expenditure allocation o monitoring and cheers of budgets, tax ordinances and other fiscal measures o policy on espousal and borrowing instruments and o appointment and supervision of local fiscal officers. The trends in local fiscal administration are inadequacy of own-source revenue to finance basic and devolved functions and thus render LGUs dependent on transfers from the NG.Reliance on a few(prenominal) local taxes, particularly the real property tax and cable tax and uneven level of expenditures hence, unequal access to local public services. With regards to the inadequacy of lgus, the national government must assist lgus in making discipline strategies to maximize the resources available. In that way, lgus can somehow sustain themselves and become slight dependent to national government.It must also help in attracting investors unheeding if the leaders are opposition or administration. Lgus must not resole rely on few local taxes. It must encourage business to pay honestly the taxes and give credit to those who pay on time. Those who outsmart must be persecuted regardless if they are powerful individuals and has connecrtion to top officials. The national government must help in regulating taxes and help in catching the big fishes.