Taguig bags awards for local revenue growth, performance

MANILA, Philippines — Taguig was recognized for its outstanding growth and performance in local revenue during the 37th Anniversary Stakeholders’ Recognition of the Department of Finance – 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’s effective management of taxes and other revenue streams.

“Our success in local revenue collection is not just about numbers—it’s about turning those numbers into meaningful programs and services that improve the lives of every Taguigeño,” she added.

She also said the awards reflect the city’s collaborative efforts in building a “transformative, lively, and caring future for Taguig.”

Based on BLGF’s 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.

“With 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 Taguigeño,” she said.

READ: QC, Makati, Taguig are top NCR revenue earners in 2023