Energy revenue shares to LGUs released

MANILA — The Aquino administration has released P767.2-million fund for the local government units (LGUs) as part of their 40-percent share in energy revenue collections from the National Government, budget official said on Monday.

“The P767.2-million fund release will not only allow LGUs to fulfill their role in implementing critical programs and projects in their own communities—it will also give local governments enough legroom to lower the cost of electricity across their localities. This is particularly timely, given that energy usage tends to spike during the summer,” Budget and Management Secretary Florencio Abad said.

The collections were sourced from revenues generated from coal, petroleum, geothermal, and hydrothermal operations in the LGUs’ respective localities in 2011.

The release was charged against the P2.45-billion fund under Purpose A.3 of the Allocations to Local Government Units-Special Shares of LGUs in the Proceeds of National Taxes, of which P1.8 billion has been devoted to programmed expenditures for energy resources.

Section 294 of the Local Government Code specifically states that at least 80 percent of the proceeds culled from the development and utilization of energy sources should be used solely to lower the cost of electricity in concerned LGUs.

The remaining 20 percent, however, can be used to support local development and livelihood initiatives in localities covered by beneficiary-LGUs.

Of the total amount, P646 million was released to LGUs in Western Visayas, while Mimaropa received a P57.7-million share from the fund.

Another P49 million has been directed to Eastern Visayas, while P7.5 million and P5.1 million have been released to Soccsksargen and Central Visayas, respectively.

Bicold Region also received funds amounting to P737,575.46, while Zamboanga Peninsula received P452,991.50. A total of P241,779.43 has likewise been given to Northern Mindanao and another P208,645.75 has been set for the Caraga Region.

“The Aquino administration is committed to seeking viable solutions for energy issues in the country. We trust that this release will empower our LGUs and allow them to manage electricity costs in their assigned localities, and in the end, bring direct, immediate, and sustainable benefits to the communities they serve,” Abad said.

http://www.sunstar.com.ph/breaking-news/2012/04/23/energy-revenue-shares-lgus-released-217746

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