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Manila Bulletin devider Philippines devider Metro Manila devider Mayor Nancy signs P21-B Makati City budget for 2026

Mayor Nancy signs P21-B Makati City budget for 2026

Published Nov 24, 2025 01:12 pm
Makati City Mayor Nancy Binay signs the city's P21-billion budget for 2026. (Photo from Makati PIO)
Makati City Mayor Nancy Binay signs the city's P21-billion budget for 2026. (Photo from Makati PIO)
Makati City Mayor Nancy Binay has signed the city's budget for next year worth P21 billion, reinforcing the city’s commitment to delivering efficient, people-centered, and future-ready programs for all residents.
Several local government officials were also present during the event including Councilors Mayeth Casal-Uy, Arlene Ortega, Maribel Vitales, Bong Ariones, Ferdie Eusebio, Dino Imperial, Levy Ramboyong, Tristan Pangilinan, and King Yabut.
Also in attendance were City Administrator Atty. Marianne Lozada, City Legal Officer Atty. Ava Mari Ramel, City Engineer Engr. George William Hong, City Budget Officer Ms. Aileen Mallilin, CPA, MBA, and Atty. Karl Stephen Landoy, Secretary to the Sangguniang Panlungsod.
The city government had continuously made huge strides towards financial sustainability and fiscal independence, further solidifying its distinction as the country's business hub.
On Nov. 5, Makati City was recognized by the Department of Finance's (DOF) Bureau of Local Government Finance (BLGF) as one of the top-performing cities in the country for Finance Year 2024.
According to Binay, Makati was ranked among the Top 10 Cities Nationwide across multiple performance indicators assessing efficiency in local revenue generation, fiscal independence, and expenditure management.
"Under the Local Source Revenues (LSR) category, Makati City placed second nationwide, following Quezon City, for its outstanding performance in generating locally sourced revenues totaling P18.9 billion for FY2024," Binay shared.
"The city also secured the top spot in the Ratio of Local Source Revenues (LSR) to Total Current Operating Income (TCOI), with an impressive 93.32 percent, the highest ratio among all cities evaluated. This means that the majority of Makati’s operating income comes from its local revenue sources—demonstrating the city’s strong fiscal autonomy and sound revenue administration," she added.
Makati was also cited in the Total Current Operating Expenditures (TCOE) per Capita category after recording expenditures amounting to P54,029.59 per capita, reflecting the city’s commitment to efficient budget utilization and investment in services that directly benefit its citizens.
The mayor expressed her gratitude for the recognitions as she stressed that Makati’s fiscal strength mirrors its good governance and efficient use of public funds.
"The BLGF’s annual performance evaluation aims to acknowledge local government units (LGUs) that demonstrate excellence in local financial administration, focusing on indicators such as Local Source Revenues, Ratio of LSR to Total Current Operating Income, Year-on-Year Growth in LSR, and Total Current Operating Expenditures per Capita," Binay explained.

Related Tags

MAKATI CITY NANCY BINAY EXECUTIVE BUDGET FISCAL INDEPENDENCE FINANCIAL SUSTAINABILITY METRO NEWS DOF
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