Barangay Fiscal Management in Poblacion, Malasiqui, Pangasinan
CHAPTER I
THE PROBLEM AND ITS BACKGROUND
Rationale
Section 304 of Title V (Fiscal Administration) of the Local Government Code of 1991 (RA No. 7160). Provide the basis for governance for the conduct and management of financial affairs, transactions, and operations of provinces, cities, municipalities, and barangays.
Local fiscal administration refers to the rational, effective and efficient conduct of the fiscal functions and operations of local government unitswhich embrace the systems, structures, processes and human resourcesinvolved in revenue generation, revenue allocation and utilization. Inaddition, such conduct of fiscal affairs is governed by laws and is affectedby the fiscal policy environment, which defines central-local and inter-LGUfiscal relations.
Local Fiscal Administration involves revenue generation, the rationalallocation, utilization and control of resources through the concept of performance budgeting by the local government units (LGU) to optimizethe use of public funds for the benefit of the greatest number of people. Itdraws strength and rationality from the Constitutional provision of grantinglocal government the power to create their own sources of revenuethrough local taxation.In public administration, local fiscal administration is commonly referred toas the formulation, implementation, and evaluation of local fiscal policiesby local governments.
Under the present constitution, Section 28 of Article II states that The State shall ensure the autonomy of local governments. Accordingly, it is the policy of the state to guaranty the autonomy of our local government. Local Government has been described as a political division of a nation or state which is constituted by law and has substantial control of local affairs. Applied to local governments in the context of the Philippine situation, autonomy means the power of local government units to enjoy limited self-government as defined by law (Pimentel, 1993). The principle of local
THE PROBLEM AND ITS BACKGROUND
Rationale
Section 304 of Title V (Fiscal Administration) of the Local Government Code of 1991 (RA No. 7160). Provide the basis for governance for the conduct and management of financial affairs, transactions, and operations of provinces, cities, municipalities, and barangays.
Local fiscal administration refers to the rational, effective and efficient conduct of the fiscal functions and operations of local government unitswhich embrace the systems, structures, processes and human resourcesinvolved in revenue generation, revenue allocation and utilization. Inaddition, such conduct of fiscal affairs is governed by laws and is affectedby the fiscal policy environment, which defines central-local and inter-LGUfiscal relations.
Local Fiscal Administration involves revenue generation, the rationalallocation, utilization and control of resources through the concept of performance budgeting by the local government units (LGU) to optimizethe use of public funds for the benefit of the greatest number of people. Itdraws strength and rationality from the Constitutional provision of grantinglocal government the power to create their own sources of revenuethrough local taxation.In public administration, local fiscal administration is commonly referred toas the formulation, implementation, and evaluation of local fiscal policiesby local governments.
Under the present constitution, Section 28 of Article II states that The State shall ensure the autonomy of local governments. Accordingly, it is the policy of the state to guaranty the autonomy of our local government. Local Government has been described as a political division of a nation or state which is constituted by law and has substantial control of local affairs. Applied to local governments in the context of the Philippine situation, autonomy means the power of local government units to enjoy limited self-government as defined by law (Pimentel, 1993). The principle of local