Bongbong Marcos signs ‘Automatic Income Classification of LGUs Act’
MANILA, Philippines — President Ferdinand Marcos Jr. signed the “Automatic Income Classification of Local Government Units Act,” Malacañang said Friday. The new law, officially known as Republic Act No. 11964, divides municipalities into five classes based on annual average income. “The State recognizes the need to determine the financial capability and fiscal position of local
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