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                    [Title] => LGUs to borrow P8.9-B from banks
                    [Summary] => President Arroyo authorized yesterday the local government units (LGUs) to borrow a total of P8.9 billion from two state-owned banks to make up for the non-release of the remaining 20 percent of their internal revenue allotments (IRA) as a result of this year’s huge budget deficit.


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SECRETARIES ISIDRO CAMACHO

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                    [Title] => LGUs to borrow P8.9-B from banks
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LGUs to borrow P8.9-B from banks

September 8, 2002 - 12:00am

President Arroyo authorized yesterday the local government units (LGUs) to borrow a total of P8.9 billion from two state-owned banks to make up for the non-release of the remaining 20 percent of their internal revenue...

Headlines