BLGF definition
BLGF means Bureau of Local Government Finance of the Borrower or any successor thereto;
Examples of BLGF in a sentence
In 2014, eighty percent of all cities based their property tax assessments on out-of-date property valuations (BLGF 2014).
That the unexpended balance of the loan, after the project has been certified completed shall be remitted to the BLGF within fifteen (15) days from the date said Certification was issued; That in case the prosecution of the project shall be stopped for any reason, the unexpended balance of the amount already released shall be remitted to the BLGF upon demand; and That the PARTY OF THE SECOND PART reserves the right to rescind this contract whenever public interest so demand.
According to Department of Finance estimates, uncollected property taxes exceeded 20 billion pesos (USD 440 million) in 2015 (BLGF 2015).