Cebu City Treasurer’s Office targets P7B collection in 2021

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The Cebu City Treasurer's Office (CTO) is targeting to collect at least P7 billion in revenues in 2021.

Parts of Cebu City’s business district are seen in this photo taken on September 26, 2020. CDN Digital photo | Brian J. Ochoa

However only two-thirds of the RPT goes to the city, while the rest goes to the barangays, which means that out of the P1.2 billion, the city’s share is around P800 million.“Mao gyod nay challenge nato nga mareach nato ang goal for this year. We have enough time pa man,” said the city treasurer. The CTO said the awards of the BLGF shows that the income of the city is growing and more businesses are thriving.

 

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And where will be the budget qould go?

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