To be released in 2 tranches . . .

I'm referring to the IRA differential of LGUs . Central Office has finally issued a directive on the manner of releasing the differential based on the P14.843 B IRA supplemental budget. The Memorandum, dated 31 October 2006 directs DBM ROs to (1) compute the 80%-20% IRA shares; (2) issue the corresponding NCAs for November and December; (3) release/deposit the funding checks to the account of the respective provinces, cities, municipalities and barangays on the following dates:

• November shares (50% of the differential): 80% on November 10; 20% on November 27
• December shares: (remaining 50%) : full on December 12
  
  

We hope this will dispel any negative speculation that the release of IRA differential will be withheld up to next year.