Local taxes account for about one-third of local government revenue, followed by local allocations tax, national treasury disbursements and Local Government Bonds/loans.
- • Local transfer tax: Collected as national tax and transferred to Local Governments
- • Special local grant: A revenue source treated as a substitute for local taxes, introduced to supplement a part of the decrease of local tax caused by tax cuts since FY99
- • Local allocations tax
- • National treasury disbursements: A general name for funds
disbursed from the central government to Local Governments for specified purposes
- • Local Government bonds: Local Government borrowings not redeemed within the fiscal year
< Revenue Breakdown >@FY 2008 Settlemen