IRA is no longer erratic, part 2

This is an addendum to my earlier post about the Internal Revenue Allotment of LGUs in which I wrote that with the passage of RA 9358 (Supplemental Budget for FY 2006), the IRA is treated as automatic appropriation, which means that even without the current national budget (GAA), the IRA will be computed and released to LGUs at the level that they are entitled to pursuant to the Local Government Code.

History repeats itself and we are starting the year with a reenacted budget - but not the IRA. The DBM has just released a computation of the LGUs' IRA based on the level of Php 183.938 B which is the figure reflected in the 2007 National Expenditures Program - equivalent to 40% of the national internal revenue collections of the third preceding fiscal year.

Thus the IRA releases starting January will now be made on the said computation and the LGUs are assured of the windfall.