Sen. Ferdinand "Bongbong" Marcos II, chairman of the Senate committee on local government, has expressed his support for LGU officials unhappy about the reduction of the Internal Revenue Allotment or IRA by as much as 4.8 percent.
Marcos told DILG Secretary Jesse Robredo that "we should first try to restore the 4.8 percent of the IRA allowances." He cited economic figures showing a poor 2nd quarter domestic growth, and BSP projections of a slower paced world economic activity in the2nd half of 2011.
"My particular worry is the reduction of the local government’s IRA coupled with a lackluster performance of the economy and how that adversely affects services needed and expected from local governments."
"We can’t allow this double whammy to hit local governments and add more suffering to our people," he said.
He said he would push for a form of subsidy to fill the gap in LGU budgets to help prop-up if not boost the local economy of their provinces and cities all the way down to the barangay level.