Within the first full yr following the COVID-19 pandemic, Quezon Metropolis, Makati Metropolis, and Taguig Metropolis have emerged as the highest income earners in Metro Manila, showcasing vital Annual Income Revenue (ARI) development.
In accordance with knowledge from the Division of Finance Bureau of Native Authorities Finance (DOF-BLGF), these cities demonstrated financial resilience and strong fiscal administration, contributing positively to the nation’s financial panorama.
The next is an in depth record of Metro Manila’s LGUs, ranked from highest to lowest income earners in 2023:
- Quezon Metropolis: 27.41 billion pesos
- Makati: 19.36 billion pesos
- Taguig: 13.54 billion pesos
- Pasig: 13.13 billion pesos
- Manila: 12.43 billion pesos
- Parañaque: 7.9 billion pesos
- Pasay: 7.35 billion pesos
- Mandaluyong: 5.76 billion pesos
- Muntinlupa: 4.63 billion pesos
- Caloocan: 4.09 billion pesos
- Valenzuela: 3.98 billion pesos
- Las Piñas: 2.52 billion pesos
- San Juan: 2.05 billion pesos
- Marikina: 1.58 billion pesos
- Malabon: 1.23 billion pesos
- Navotas: 1.0 billion pesos
- Pateros: 0.2 billion pesos
Key Highlights and Development Developments
Regardless of being the smallest unit by way of complete income, Pateros recorded the best year-on-year development with a powerful 65% enhance in income. This development price is a testomony to the municipality’s efficient fiscal insurance policies and strategic initiatives geared toward boosting native earnings.
Following Pateros in year-on-year development had been:
- Quezon Metropolis: 30%
- Makati: 26%
- Pasay: 23%
- Mandaluyong: 20%
Different cities exhibiting double-digit development included Parañaque (17%), Las Piñas (16%), Pasig (14%), Valenzuela (14%), Muntinlupa (13%), Taguig (11%), and Navotas (10%).
Slowest Development Performers
The cities with the slowest year-on-year development included:
- Manila: 9%
- San Juan: 9%
- Malabon: 9%
- Caloocan: 8%
- Marikina: 7%
ATTRACTIONS TO SEE IN MANILA
ARI to Debt Ratio
When it comes to ARI to debt ratio, seven LGUs surpassed the NCR common of 0.19, with Marikina main at 2.28. The cities with above-average ARI to debt ratios are:
- Marikina: 2.28
- Manila: 1.07
- Navotas: 0.44
- Valenzuela: 0.43
- Malabon: 0.40
- Caloocan: 0.36
- Mandaluyong: 0.29
Furthermore, six LGUs are debt-free, highlighting their monetary well being and environment friendly price range administration. These cities are Las Piñas, Makati, Parañaque, Pasig, Pateros, and Quezon Metropolis.
The income efficiency of Metro Manila’s LGUs in 2023 displays a promising restoration and robust fiscal self-discipline post-pandemic. The substantial ARI development amongst these cities not solely underscores their financial resilience but additionally units a optimistic trajectory for continued growth and prosperity within the area.
