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Malabon bags award for exceeding 2019 revenue target

/ 04:37 PM December 12, 2019

MANILA, Philippines – The local government of Malabon City has been cited for exceeding its revenue target in 2019.

The Department of Finance (DOF) and Bureau of Local Government Finance gave the recognition to Malabon on Thursday, during a program at the Philippine International Convention Center.

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Malabon recorded a 166.15 percent collection rate, collecting P240 million in fees and charges that is way above its 2019 target of P144 million.  The same award was received by Malabon in 2018.

“Transparency, accountability and prudent utilization of fees has landed Malabon City as the top local government unit (LGU) in revenue collection efficiency, Malabon City was recognized anew as Top 1 in the Collection Target for Fees and Charges, besting 16 other LGUs in Metro Manila,” the local government said in a statement.

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According to the Bureau of Internal Revenue, Malabon and its neighbor Navotas City account for the lowest revenue collection from January to September 2019 with just P2.688 billion – meager amounts compared to Quezon City’s P59.04 billion and Makati City’s P79.72 billion.

However, this certain award from DOF – given annually to local government units – prioritizes efficiency over the gross collection, as excellence in the field is seen to lead cities towards better local governance and efficient public service.

Malabon Mayor Lenlen Oreta thanked the city’s residents and taxpayers for supporting their bid for a clean and honest government.

“I assure you that every centavo goes to the people. Ito ay pera ng mamamayan kaya naman maingat at tapat itong ginagasta para tiyaking nabibigyang kalinga ang bawat Pamilyang Malabonian (This is the money of the people that’s why it’s being carefully and honestly spent to ensure that every Malabonian Family is well taken care of),” Oreta said.

Edited by KGA
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TAGS: BIR, Bureau of Internal Revenue, Department of Finance, LGU, local government, Local news, Malabon City, Mayor Lenlen Oreta, Metro, metro news, news, Philippine news updates, revenue, revenue collection, Tax
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