Makati regained fiscal strength under Mayor Abby

Published November 15, 2018, 7:47 PM

by Roel Tibay

By Dhel Nazario

Makati regained its fiscal strength, with 90 percent of the 2018 target – or P14.17 billion – already met in August under Mayor Abby Binay.

MB File – Makati Mayor Abigail Binay. (KJ ROSALES) | Manila Bulletin
Abigail Binay
(KJ ROSALES / Manila Bulletin)

Former Vice President Jejomar Binay this last Wednesday, stressing that Mayor Abby is a “very good” local executive who deserves to be re-elected.

The former vice president, who is gunning for a congressional seat under Mayor Binay’s ticket, said her daughter has performed well and has shown genuine compassion for residents, especially in contrast with her predecessor.

The elder Binay said public services and government operations declined during the time of acting Mayor Romulo Peña. These include significant benefits for residents initiated by the former vice president during his term as Makati mayor.

The former vice president served as Makati Mayor from 1986 to 1998 and from 2001 to 2010. Mayor Binay on the other hand, is the official candidate of the United Nationalist Alliance (UNA) chaired by the former vice president.

Mayor Abby had earlier said that some 3,378 new business establishments were recorded by the Business Permit and Licensing Office (BPLO) from January to September 10 this year. She also noted a significant increase in the number of permit renewals with 33,729 posted as of September 10, which topped by more than 900 last year’s total of 32,790 renewals.

Just last week, the Commission on Audit (COA) declared Makati as the country’s richest city, with total assets reaching P196.5 billion. It is also the first and only local government to exceed the P100-billion mark.For more than five years, Makati has been outranked by Quezon City as the richest locality.

Makati City also met the performance target set by the Bureau of Local Government Finance (BLGF) under the Department of Finance in 2017.

Makati achieved 100 percent of the BLGF’s total locally-sourced income target for 2017 amounting to P14.25 billion, after its actual collections from local sources reached P14.26 billion in November of 2017.