Makati gets 3 awards for being top revenue generator

MANILA, Philippines — The city government of Makati has received three awards from the Department of Finance’s Bureau of Local Government Finance (BLGF) for being among the top revenue generators in the country last year.

In a statement, the Makati City government said it was awarded for being the top two performing local government unit in the country and top two performing cities in Metro Manila based on the 2021 highest locally sourced revenues.

It was also named in the local revenue generation hall of fame for having among the highest locally sourced revenues from 2018 to 2020.

According to the BLGF, Makati’s locally sourced revenue last year amounted to P13,777,253,256.

Makati Mayor Abby Binay said strong investor confidence and reforms implemented by the city led to its “sustained financial stability.”

It also resulted in the “strategic collaboration among all departments in the city government to create efficient revenue collection systems and processes as well as effective policies that support these systems,” she added.

“I would like to take this opportunity to thank all of the taxpayers, particularly the business sector, for doing their part despite the pandemic challenges. The business sector has been especially vital to our continued success, supporting our residents with jobs and contributing to the local economy through taxes and other fees,” Binay said.