LGUs to receive share in mining taxes – DBM

These include mining taxes, roy

“We have issued the allotment and corresponding cash allocation for the release of the lawful share in the proceeds from the utilization and development of minerals in their respective areas. The funds are now released based on the Joint Cer issued by the Bureau of Internal the schedule of the corresponding Secretary Florencio Abad said.

Abad noted the funds are charged against the P1.5 billion appropriated for the purpose in the current year’s national budget.

He said the funds shall be directly credited to the accounts of the recipient provinces, municipalities, and barangays.

largest share of P100.5 million. projects producing gold, copper, chrome, nickel, iron, and limestone.

The other regions with large P21.7 million.

The regions with the lowest shares in the amount of P52,440 and P95,300.76, respectively.

The proceeds from the share by their respective Sanggunian livelihood projects.