Mayor Mar-len Abigail “Abby” S. Binay announced last Thursday that the Makati City local government achieved 72 percent of its full-year revenue target of about P17.84 billion in the first quarter after its total collection reached nearly P13 billion.
MAYOR Mar-len Abigail “Abby” S. Binay announced last Thursday that the Makati City local government achieved 72 percent of its full-year revenue target of about P17.84 billion in the first quarter after its total collection reached nearly P13 billion .
She added she’s “heartened by the remarkable results” of the reforms and innovations the LGU has done to make their systems and processes “more efficient, transparent and sustainable.” Other local revenue sources include “fees and charges” with P441.53 million and “economic enterprises” with P100.15 million. From other sources, the city got P417.9 million in national tax allotment , P30.8 million as share from The Philippine Economic Zone Authority and P83.89 million from “interest income.”
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