Municipalities to get $800 million from mobile revenues

The Council of Ministers issued on November 30 three decrees approving the distribution of LL1,200 billion ($800 million) to municipalities. The sum represents arrears of their share from tax proceeds on mobile phone revenue from the beginning of 2010 to the end of May 2014.

Nearly LL667 billion ($445 million) of the total amount is allocated to municipalities and federations of municipalities, LL527 billion ($351 million) are due to the Independent Municipal Fund, while LL6 billion ($4 million) are to be paid to villages that do not have municipalities.