Makati income hits P13.7 billion

The city of Makati earned more than P13 billion for 2021, prompting the Department of Finance’s Bureau of Local Government Finance (BLGF) to give the city three awards for being one with the highest locally sourced revenue collectors in the country.

The city received two awards for being the top-performing local government in the Philippines and in Metro Manila.

The city was also recognized as a Local Revenue Generation Hall of Famer.

According to the BLGF, Makati’s local income in 2021 amounted to P13,777,253,256.

As of Oct. 26, 3,875 new businesses with a combined capital of P23.2 billion had been registered this year.

Mayor Abby Binay said the strong revenue was a result of strategic collaboration among all city departments and effective policies supporting these processes. —ANGEL YABUT