Bulacan is No. 1 performing province in local revenue generation
Among 81 provinces in the country, Bulacan was hailed as the No. 1 performing province in highest nominal locally sourced revenues (LSR) for the fiscal year 2020 based on a list issued by the Bureau of Local Government Finance (BLGF) under the Department of Finance recently.
Bulacan’s LSR amounted to P1.72 billion which came from collected real property tax (RPT), local business tax (LBT) and other local taxes, regulatory fees and user charges, and receipts from the operations of local economic enterprises.
Governor Daniel R. Fernando said that Bulacan has been consistently placed in the top 10 provinces in the previous years.
"However, it is overwhelming that for the year 2020, even amidst the pandemic, the province stepped up and became number one," he added.
“Nagpapasalamat ako sa ating mga Bulakenyo taxpayers sa kanilang pagiging responsableng mamamayan. Ang pagkilalang ito ay malinaw na indikasyon ng paglago ng ekonomiya ng Bulacan maging sa gitna ng pandemya. Patunay din ito ng pagtitiwala ng ating mga kalalawigan, at magandang ehemplo ng pagtutulungan ng mga mamamayan at ng lokal na pamahalaan,” (I thank all Bulakenyos for being responsible taxpayers. This is a clear indication of economic growth in Bulacan even in the midst of pandemic. It also shows the trust that our people reposes on the provincial government, and a good example of cooperation and unity between the citizenry and the local government)," Fernando said.
The other provinces that emerged in the top 10 are Bataan, Rizal, Pampanga, Quezon, Batangas, Iloilo, Bukidnon, Pangasinan, and Cavite.
The town of Marilao, also in Bulacan, was also hailed as one of the top 10 municipalities in the highest nominal locally sourced revenues for the fiscal year 2020 with P473.95 million.
According to the BLGF, the annual performance target of BLGF for local treasurers pertain only to taxing mandates of LGUs, such as RPT, LBT, and other local taxes, regulatory fees, and user charges, and receipts from economic enterprises, and excludes collections from other receipts or other general income of LGUs, such as interest income, rebates, sale of assets or properties, and other non-recurring local income.