LGU bond flotation: A road less travelled an analysis of bond flotation as a project-financing alternative for local government units

• Main Author: Dela Cruz, Erlene Luz Villanueva
• Format: text
• Language: English
• Published: Animo Repository 2015
• Subjects: Municipal bonds > Philippines; Local government > Philippines; Finance, Public > Philippines; Banking and Finance Law; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etd_masteral/7175
• Institution: De La Salle University

The enactment of the Local Government Code of 1991 guaranteed a fixed national budget allocation for LGUs. However, this does not totally solve the problem of local government units (LGUs) in financing local development projects. Traditionally, LGUs have depended on three sources of revenue: (1) the...