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Parañaque recognized as PH’s 6th richest city

THE Bureau of Local Government Finance (BLGF) recognized Paranaque as the sixth richest city in the country with local revenue generation amounting to P4.8 billion at the end of 2019.

Niño Raymond Alvina, BLGF executive director, released last month the nationally ranked top 10 provinces, cities, and municipalities in local revenue generation for fiscal year 2019.

The selection was based on the performance areas namely Nominal Locally Sourced Revenues (LSR); Collection Efficiency (CE) of LSR; and Year-On-Year Growth in LSR.

Mayor Edwin L. Olivarez commended the city treasurer’s office headed by Dr. Anthony Pulmano for collecting beyond the target in 2019 and for their excellent performance in tax collection for the past six years.

Since my first term in office, Pulmano and his team has introduced several innovative business processing system and tax reform measures in which the city became top in terms revenue collection, “Olivarez said.

Because of Pulmano’s exemplary performance in tax collection, Paranaque, from a sleepy town three decades ago, is now one of the richest cities throughout the Philippines, the mayor said.

Makati City Pabakuna

Olivarez said that the city’s target collection in 2019 is only P4.5 billion but Pulmano’s team was able to collect P4.8 billion.

In the city category, Quezon City was awarded the highest nominal locally sourced revenue in 2019 with P16.9 billion, placing second is Makati with an earning of P12. 5 billion and followed by Manila with P9.8 billion.

The city of Pasig placed fourth with P9.6 billion earnings, and Taguig City positioned fifth with P8.6 billion then Parañaque. Davao City placed to seventh with P4.4 billion profits and Cebu City with also P4.4 billion gains.

Placing eighth is Pasay City with P4.2 billion dividends and lastly, the city of Mandaluyong with P3.8 billion gains.

Paranaque also placed fifth in collection efficiency of locally sourced revenues two years ago with P6.2 billion collection or 137. 6 percent, among the cities all over the country.

Alvina said Paranaque and other LGUs will receive certificates of recognition for their invaluable efforts in revenue generation, towards fiscal sustainability, economic growth and better public service delivery.

Publication Source :    People's Tonight