MANILA, Philippines 鈥� Taguig was recognized for its outstanding growth and performance in local revenue during the 37th Anniversary Stakeholders鈥� Recognition of the Department of Finance 鈥� Bureau of Local Government Finance (DOF-BLGF).
During the ceremony held on October 9, the DOF-BLGF presented four awards to the city. Among these are the following:
- 3rd Place, Local Source Revenue Collections for Fiscal Years 2022 and 2023
- 4th Place, Yearly Growth of Local Source Revenues for Fiscal Year 2022
- 4th Place, Ratio of Local Source Revenues to Total Current Operating Income for Fiscal Year 2022
- 5th Place, Ratio of Local Source Revenues to Total Current Operating Income for Fiscal Year 2023
In a statement on Wednesday, Taguig Mayor Lani Cayetano said the awards show the city鈥檚 effective management of taxes and other revenue streams.
鈥淥ur success in local revenue collection is not just about numbers鈥攊t鈥檚 about turning those numbers into meaningful programs and services that improve the lives of every Taguige帽o,鈥� she added.
She also said the awards reflect the city鈥檚 collaborative efforts in building a 鈥渢ransformative, lively, and caring future for Taguig.鈥�
Based on BLGF鈥檚 data, Taguig ranked third among the highest-earning local government units (LGUs) in 2023, with a total revenue of P13.54 billion.
In 2024, the city was also named one of the Top 5 Most Business-Friendly LGUs under the City Level 1A Category by the Philippine Chamber of Commerce and Industry.
With the ongoing infrastructure developments in Metro Manila, Cayetano expressed hope for an improved quality of life for Taguigenos.
鈥淲ith the ongoing developments in ARCA South, the construction of the Metro Manila Subway, and the rapid expansion of the transportation system, the city of Taguig envisions a promising future, anticipating economic growth that will further enhance the quality of life for every Taguige帽o,鈥� she said.
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