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Manila Bulletin devider Philippines devider National devider COA 2020 financial report: Quezon City, Makati top list of richest LGUs

COA 2020 financial report: Quezon City, Makati top list of richest LGUs

Published Dec 22, 2021 03:49 pm

Quezon City headed by Mayor Joy Belmonte topped all local government units in terms of largest total assets and revenues in the country.

Quezon City Mayor Joy Belmonte

The 2020 Annual Financial Report released by the Commission on ‘Audit on Wednesday, Dec. 22 showed that QC’s registered total assets in 2020 was P452.333 billion, the highest among all LGUs, including provinces.

The former Philippine capital also had the largest total revenues of P24.024 for the year.

COA disclosed that QC, one of the country’s biggest locality in terms of land area and population, also registered the highest amount of total liabilities at P30.40 billion remained at the top in terms of net assets for the year, at P421.92 billion, indicating a strong financial performance under Belmonte.

QC also had the highest reported total expenses at P23.06 billion.

Ranked second in terms of net assets at P220.313 billion, Makati City under Mayor Abigael Binay collected the second highest amount in total revenue at P22,37 billion and total expenses of P19.25 billion.

Manila and Pasig City ranked third and fourth in net assets at P52.04 billion and P42.73 billion, respectively.

The two Metro Manila cities maintained the same ranking for total revenue, with Manila registering P17.92 billion while Pasig, P13.01 billion.

Mayor Francisco “Isko Moreno” Domagoso’s city was also third in expenditures at P17.87 billion in 2020.

However, for expenditures, Pasig City headed by re-electionist Mayor Vico Sotto ranked fifth at P10.38 billion in annual disbursements in 2020.

In Pasig's place at fourth is Taguig City headed by Mayor Lino Cayetano who spent P12.57 billion.

Among the municipalities the town of Limay in Bataan had the largest total net assets at P4.17 billion. It was followed by Caluya, Antique and Taytay, Rizal, with P2.74 billion and P2.43 billion, respectively.

COA disclosed that in terms of total revenues, Cainta, Rizal was on top of all municipalities with P1.5 billion in total revenues.

However, Cainta headed by Mayor Kit Nieto was likewise the biggest spender at P1.53 billion.

Municipal governments ranked among the top earners in the country are not necessarily the largest spenders.

The following local government units and their mayors are ranked in the top ten biggest spenders: San Mateo, Rizal (Mayor Cristina Diaz)- P833.46 million; Mariveles, Bataan (Mayor Jocelyn Castañeda), P782.25 million; Rosario, Cavite (Mayor Jose Ricafrente Jr.) P737.11 million; Calaca, Batangas (Mayor Sofronio “Nas” Ona) , P726.37 million; Tanza, Cavite (Mayor Yuri Pacomio) P685.52 million and Limay, Bataan (Mayor Nelson David) P684.42 million.

Ten Cities with the Highest Amount of Revenue and Their Total Expenses in 2020 Revenues Expenses

1. Quezon P24,02 billion P23.06 billion

2. Makati P22.37 billion P19.25 billion

3. Manila P17.92 billion P17.87 billion

4. Pasig P13.01 billion P10.38 billion

5. Taguig P12.75 billion P12.57 billion

6. Davao P11.11 billion P9.84 billion

7. Parañaque P7.92 billion P6.18 billion

8. Cebu P7.04 billion P8.69 billion

9. Caloocan P6.75 billion P6.44 billion

10. Pasay P6.35 billion P5.64 billion

Ten Municipalities with Highest Amount of Total Revenue in 2020

Revenues

1. Cainta, Rizal P1.50 billion

2. Limay, Bataan P1.25 billion

3. Taytay, Rizal P1.20 billion

4. Rodriguez, Rizal P1.05 billion

5. Caluya, Antique P1.01 billion

6. Marilao, Bulacan P936 million

7. Silang, Cavite P902 million

8. Sta. Maria, Bulacan P889 million

9. Carmona, Cavite P868 million

10l. Binangonan, Rizal P861 million

Related Tags

Quezon City COA Makati City Annual Financial Report for 2020 Mayor Joy Belmonte
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