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Calabarzon got highest IRA in 2015 – COA

Apr 5, 2017 @ 19:40

Region IV-A or the Calabarzon region received the highest share of the internal revenue allotment (IRA) in 2015, state auditors said.

In its Annual Financial Report on the Local Government Units in 2015, the Commission on Audit (COA) said that Region IV-A, composed of Cavite, Laguna, Batangas, Rizal and Quezon provinces, received the highest IRA share amounting to P33.722 billion in 2015.

Region IV-A received the highest share in the IRA at P33.722 billion, followed by Region III with P29.045 billion. Meanwhile, all the other regions received less than P20 billion IRA, COA said.

Region IV-A is followed by Region III (Central Luzon) with P29.045 billion IRA, Region V (Bicol) with P18.962 billion, Region VIII (Eastern Visayas) with P18.761 billion, National Capital Region with P17.421 billion, Region X (Northern Mindanao) with P17.405 billion, Region I (Ilocos) with P16.443 billion, Region II (Cagayan Valley) with P16.386 billion, Region XVI (Negros) with P16.157 billion, Region XI (Davao) with P15.688 billion, Region VII (Central Visayas) with P15.263 billion.

Region XII (Soccsksargen) with P14.588 billion, Region IV-B (Mimaropa) with P14.523 billion, Region VI (Western Visayas) with P13.596 billion, Region XIII (Caraga) with P13.192 billion, Region IX (Zamboanga Peninsula) with P12.637 billion, Cordillera Administrative Region with P10.174 billion, and Autonomos Region in Muslim Mindanao with P9.761 billion.

The IRA is the share of the local government units in the total internal revenue collection.

The national government provides revenue allocation to the local government units in the form of IRA equivalent to 40 percent of its total internal revenue collections based on the collections of the third preceding year, COA said.

Municipalities get a 34 percent share in the IRA, the provinces and cities with 23 percent each, and the barangays with 20 percent each.

IRA in 2015 remains the the top source of revenue for local government units at 62.69 percent of the total current operating revenue, COA said.

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