DOF chief resolves concerns on nat’l tax allotment shares of LGUs in dialogue with mayors
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NewsTranscript
00:00The Department of Finance, or DOF, Secretary Ralph Recto addressed concerns regarding the
00:04computation of the National Task Allotment, or NTA, shares for local government units,
00:09or LGUs, through a productive dialogue with city mayors. The Finance Chief clarified no
00:15changes or amendments were made, emphasizing the computation follows a Supreme Court ruling
00:21in a Development Budget Coordination Committee resolution created in consultation with LGUs.
00:27Meanwhile, local chief executives expressed their appreciation to the agency
00:31for its willingness to engage in dialogue and address their concerns.