Mayor Binay: Makati hits 72% of 2023 revenue target in Q1

  • 📰 gmanews
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 68%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

Binay said the city has achieved 72% of its full-year revenue target of about P17.84 billion in the first quarter after its total collection reached P12,925,503,905.76 as of the end of March.

“By all indications, Makati is well on its way to full recovery from the pandemic. Once again, we are seeing double-digit growth in our total revenue collection as brisk business in the city attracts more new investors, while driving current businesses to expand,” she said in a press release.

“We are heartened by the remarkable results of reforms and innovations we have done to make our systems and processes more efficient, transparent, and sustainable. We thank the business community, property owners, and all Makatizens for supporting our initiatives and putting their trust in the city leadership,” she said. A report from City Treasurer Jesusa Cuneta stated that business tax collection increased by 33% or a total of P7.07 billion as of end-March compared to the P5.

Binay said she is expecting more positive outcomes amid the ongoing efforts of her governance "to effect digital transformation in local governance and public service in Makati City." “With great optimism and confidence, we are forging ahead with Makati’s digital transformation. We believe it is indispensable to our successful transition to a veritable smart city – climate resilient, sustainable both economically and ecologically, and genuinely inclusive,” she said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Makati City hits 72% of 2023 target revenue in Q1MANILA, Philippines — The city government of Makati on Thursday reported that after only the first quarter, it already reached 72 percent of its target revenue for 2023. In a statement,
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Makati City on its way to full recovery from pandemic; sees double-digit growth - Mayor AbbyMakati City Mayor Abby Binay announced on Thursday, April 27, that the local government is on its way to full recovery from the Covid-19 pandemic as it hit 72 percent of its revenue target owing to an increase in tax and other revenue source collections during the first quarter of the year.
Source: manilabulletin - 🏆 25. / 51 Read more »

Nancy Binay calls for ramped up vax efforts for zero-dose childrenMANILA, Philippines — Senator Nancy Binay on Thursday urged health authorities and local government units (LGUs) to boost immunization efforts for children who have yet to receive even a single
Source: inquirerdotnet - 🏆 3. / 86 Read more »

1 hurt in Makati City blazeA 51-year-old woman suffered dizziness and difficulty in breathing after a fire hit a residential area in Aguilar St. Barangay Tejeros, Makati City Tuesday afternoon, April 25. | ManilaBulletin
Source: manilabulletin - 🏆 25. / 51 Read more »

Immediate evacuation for OFWs in Sudan ordered | Samuel P. MedenillaPRESIDENT Ferdinand R. Marcos, Jr. has ordered for the immediate evacuation and assistance of Filipinos fleeing Sudan during the 72-hour ceasefire between the warring factions in the African country. “Right now, we are hoping that the 72-hour ceasefire that has been declared will hold and we will—we are preparing ourselves,”…
Source: BusinessMirror - 🏆 19. / 59 Read more »

Magic’s Paolo Banchero claims Rookie of the Year in near-unanimous fashionPaolo Banchero proves why he’s the top rookie pick with averages of 20 points, 6.9 rebounds, and 3.7 assists in 72 games, all starts. NBA
Source: rapplerdotcom - 🏆 4. / 86 Read more »