Revenue Generation Measures

CHAPTER I The Problem and its Background Rationale Revenue has become the lifeblood of the government from the moment the Philippines had been given the freedom to establish its own system of governance and formulate laws which formally states the people’s rights, duties and obligations. However, for the country to continuously sustain the needs of its citizens it has to generate revenues from the different sources available. How will the national government implement the maximization of revenues from local communities in each region that has the potential in generating revenues? Indeed, the government cannot work alone to achieve its objectives. That is why the local government units pertaining to provinces, municipalities and barangays had been established. The local government has its own programs that deal with improving the profitability of the communities within its jurisdiction.
From these programs, revenue generation measures arise. Revenue generation measures refer to defining a revenue focus in the local community, developing an align strategy that runs through the office of the local officials to every corner of the local government, creating a structure efficiently and consistently execute aligned strategy, implementing best practices to guide the implementation of revenue tactics, documenting learnings for continuous improvement, leading a lifetime of reliable and profitable growth.
Furthermore, there are many sources of revenues to be considered. These are the taxes imposed by the local government, internal revenue allotment, operating and service income, income from public enterprises and investments, miscellaneous income, sale of assets and grants and aids.
The taxes imposed by the local government compose of income taxes, property taxes, taxes on goods and services and other taxes. From the time they are legally established, LGUs are given authority to levy