ADB loan to digitize LGU realty tax system

in World News

THE Asian Development Bank (ADB) has extended a new loan to help local governments digitize their local property tax valuation and collection.

In a statement, the ADB said the $26.5-million loan will finance the Local Governance Reform Project (LGRP), which aims to adopt digital tools for transparent and accurate reporting of real property tax collection.

The loan will also be used to update tax maps and property valuation assessments, as well as boost the knowledge of local assessors through capacity development efforts.

“Local governments play a critical role in poverty reduction. Mobilizing local revenue in an efficient, equitable and transparent manner is vital to local governments’ goal of delivering accessible, quality public services,” said ADB Senior Public Management Specialist for Southeast Asia Robert Boothe. “This new project will provide the digital tools, systems and local staff training needed to help local governments raise revenue.”

The project also supports the Comprehensive

Read More: https://businessmirror.com.ph/2020/06/30/adb-loan-to-digitize-lgu-realty-tax-system/

Photo Credit: BusinessMirror

Leave a Reply

Your email address will not be published.

*