Makati will get 3 awards for being high income generator

October 30, 2022 | 12:00am

MANILA, Philippines — The town authorities of Makati has obtained three awards from the Division of Finance’s Bureau of Native Authorities Finance (BLGF) for being among the many high income mills within the nation final 12 months.

In a press release, the Makati Metropolis authorities mentioned it was awarded for being the highest two performing native authorities unit within the nation and high two performing cities in Metro Manila primarily based on the 2021 highest domestically sourced revenues.

It was additionally named within the native income era corridor of fame for having among the many highest domestically sourced revenues from 2018 to 2020.

Based on the BLGF, Makati’s domestically sourced income final 12 months amounted to P13,777,253,256.

Makati Mayor Abby Binay mentioned sturdy investor confidence and reforms applied by town led to its “sustained monetary stability.”

It additionally resulted within the “strategic collaboration amongst all departments within the metropolis authorities to create environment friendly income assortment programs and processes in addition to efficient insurance policies that assist these programs,” she added.

“I wish to take this chance to thank all the taxpayers, significantly the enterprise sector, for doing their half regardless of the pandemic challenges. The enterprise sector has been particularly important to our continued success, supporting our residents with jobs and contributing to the native economic system by means of taxes and different charges,” Binay mentioned.