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Local Government Units’ Access to the Private Capital Markets

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Author Info
Llanto, Gilberto M.
Lamberte, Mario B.
Manasan, Rosario G.
Laya, Jaime C.
Avila, Antonio

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Abstract

The devolution of functions and responsibilities to LGUs has translated to the expectations of an improved delivery of public goods and services. However, LGU funding, mainly coming from the national government, loans from the government-owned financial institutions and Municipal Development Fund, have not been sufficient to meet the LGU requirement. This study provides results and analyses that can assist the government in developing a policy and institutional framework for the establishment of a municipal credit system well participated by the private sector.

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File URL: http://dirp4.pids.gov.ph/ris/dps/pidsdps9606.pdf
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Publisher Info
Paper provided by Philippine Institute for Development Studies in its series Discussion Papers with number DP 1996-06.

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Length: 200
Date of creation: 1996
Date of revision:
Handle: RePEc:phd:dpaper:dp_1996-06

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Web page: http://www.pids.gov.ph/
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Related research
Keywords: local government unit; capital markets; Local Government Unit Expenditures;

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