Makati recognized for high marks in locally sourced revenues

Makati City received three awards from the Department of Finance's Bureau of Local Government Finance (BLGF) for being one of the top-performing local government units in the country in terms of revenue generation in 2021.

Makati was one of the Top 2 performing LGUs in the country and the Top 2 performing city in Metro Manila based on the 2021 highest locally sourced revenues.

The city was also recognized as the Local Revenue Generation Hall of Famer based on the highest locally sourced revenues from 2018 to 2020.

According to the BLGF, Makati's locally sourced revenue in 2021 amounted to P13,777,253,256.

Mayor Abby Binay thanked the DOF-BLGF for the awards, which was a testament to city employees' dedication and the taxpayers' support.

Meanwhile, the city government approved the registration of 3,875 new businesses as of October 26, 2022, with a total capital investment of P23.2 billion.

"We have always been at the forefront of shaping and implementing innovative solutions to provide convenience to all our stakeholders. Through these awards, we hope to inspire other local governments to do the same and ultimately help our nation prosper," she said. — DVM, GMA News