Economy


Finance dep’t puts up online LGU scorecard




Posted on April 11, 2014


THE FINANCE department has rolled out an online scorecard assessing local government units’ (LGUs) fiscal performance in a bid to promote greater accountability among these entities.

In a statement, the department yesterday said that the Bureau of Local Government Finance (BLGF) -- its attached agency tasked to keep watch over LGUs’ revenue operations -- has launched the LGU Fiscal Sustainability Scorecard, published online via a Web site called Iskor ng ‘yong Bayan, at iskor.blgf.gov.ph.

“The LGU Fiscal Sustainability Scorecard aims to establish a regular fiscal performance assessment of LGUs,” it said.

“These scorecards are made publicly available so local treasurers and assessors are also accountable to the public.”

The initiative was developed by the BLGF and the Finance department’s Fiscal Intelligence Unit.

In creating the scorecard, the government will use official quarterly and year-end reports submitted by all local treasurers and assessors to the BLGF.

The assessment of LGUs’ performance will take into account “key results areas of local revenue generation capacity, local collection growth, expenditure management, updating of Schedule of Market Values, and reportorial compliance of treasurers and assessors with the DoF and BLGF.”

“This is in line with DoF’s mandate to supervise and monitor the revenue operations of LGUs,” the department noted.

“The LGU Fiscal Sustainability Scorecard aims to institutionalize the regular publication of fiscal indicators and the performance review of LGUs in the spirit of accountability and good local financial housekeeping,” it noted.

With the project still yet to fully take off, the Web site currently only contains a preliminary performance review for 80 provinces and 121 cities covering the years 2009 to 2012.

The LGU scorecard is one of several reform initiatives that the Finance department is pushing to improve fiscal management among local governments.

Last February, Finance Undersecretary Carlo A. Carag had said the scorecard will go hand in hand with a closer supervision of local treasurers and assessors in the country.

By June, Mr. Carag said, the BLGF will begin analyzing the 2013 performance of LGUs for publication in the Iskor ng ‘yong Bayan site. -- Bettina Faye V. Roc