CEBU CITY, Philippines — With over P35 million worth of total assets, Cebu is named the richest province in the country for 2018.
The ranking was based on the 2018 financial report of the Commission on Audit covering all 81 provinces in the Philippines. According to the report posted in COA’s website, Cebu has total assets of of P35.7 billion. Of the amount, P7.4 billion is in cash while the rest is the value of its real properties.Cebu is far above Compostela Valley, the second richest province. which logged a total asset of P19 billion.Read NextThe comments uploaded on this site do not necessarily represent or reflect the views of management and owner of Cebudailynews.
With all that money in the bank, why is the basic infrastructure in some are so poor? Really wish the public could see an actual audit or a summary where is the LGU spending more on. Any suggestions?
Unia ngano ga lisod mi dre sa carcar among kalsada.. Dre sa bukid
Then after 3 years ..... what would happen?
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