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   <subfield code="a">Diokno, Benjamin E.</subfield>
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   <subfield code="a">Fiscal decentralization after 20 years</subfield>
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   <subfield code="c">Benjamin E. Diokno.</subfield>
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   <subfield code="a">[Quezon City]</subfield>
   <subfield code="b">School of Economics, University of the Philippines</subfield>
   <subfield code="c">2012.</subfield>
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   <subfield code="a">pages 9-26</subfield>
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   <subfield code="a">Title was 'Philippine Review of Business and Economics' until 1979. Title changed to 'Philippine Review of Economics and Business' from 1980-2000, and again changed to 'Philippine Review of Economics' since 2001.</subfield>
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   <subfield code="a">Includes bibliographical references (page 26)</subfield>
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   <subfield code="a">Local government units (LGUs) in the Philippines have been given significant resources through grants (called internal revenue allotment or IRA) and taxing powers. But after 20 years, LGUs have become even more dependent on the IRA. A body of evidence suggests no sharp improvement in local public service delivery. The share of local budgets devoted to devolved functions has declined, due to creeping re-centralization of health and social welfare functions, increasing substitution of centrally controlled funds for local funds, and misplaced priorities on the part of local authorities. The missing link in ensuring better delivery of devolved services is the weak process of accountability. The electoral process failed to hold local authorities accountable for their fiscal behavior. The generation of timely, relevant, and consistent information and indices of performance is the next challenge for better local public service delivery. Such information may be used by voters in holding local authorities accountable. With the threat of a fiscal crisis due to the global slowdown, and with poverty rising, the march toward fiscal decentralization might be constrained. Between reducing poverty or deepening fiscal decentralization, policy makers are likely to choose the former.</subfield>
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   <subfield code="t">The Philippine Review of Economics</subfield>
   <subfield code="g">Vol. 49, no. 1 (June 2012), p. 9-26.</subfield>
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   <subfield code="a">Request full-text access via UPB University Library through</subfield>
   <subfield code="u">https://forms.gle/KZjBv7aRtY6jiL5E9</subfield>
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