Iloilo City is proven again that the fuel of their economy is not just totally dependend on Internal Revenue Allotment (IRA) which suggest a strong local economic strength to sustain its local governance and sustainable development.
Iloilo City is proven again that the fuel of their economy is not just totally
dependend on Internal Revenue Allotment (IRA) which suggest a strong local economic strength to sustain its local governance and sustainable development per Philippine News Agency ( PNA)
dependend on Internal Revenue Allotment (IRA) which suggest a strong local economic strength to sustain its local governance and sustainable development per Philippine News Agency ( PNA)
Iloilo City ranked third as top performing metropolis in terms of locally-sourced revenue generation from among 106 urban centers outside National Capital Region (NCR) as cited by the Department of Finance (DOF). The city generated 59.30 percent of its income coming from local
sources for fiscal year 2011, based on DOF’s report entitled “How good is your LGU in creating own revenues?” The cities of Olongapo topped the ranking at 66.40 percent and Calamba came in second at 61 percent. The City Mayor credited the finance team and expressed confidence on the capability to perform efficiently in every aspect of governance with dependable local income sources to deliver quality basic services to residents. City Treasurer Katherine T. Tingson noted the city jumped three notches from 6th place in 2010 with 57.80 percent local income generation performance. The capacity of city government to generate revenues from local sources showed the degree of fiscal independence from national government, Tingson said citing DOF report. The 2010 and 2011 comparative ranking was based on the validated Statement of Receipts
and Expenditures (SRE) reports submitted by city treasures to DOF-Bureau of Local Government Finance (BLGF). SRE serves as official LGU financial
management reporting system of DOF.
Skyscrapercity Iloilo Economic Philosophy:
LGUs ahead of Iloilo are
A. Olongapo City - The land area is 185.00 km2 (71.43 sq mi) has Subic
Bay Freeport Zone etc
B . Calamba City - The land area is (149.50 km2 (57.72 sq mi) is has manufacturing/industrial zones.
Iloilo City's land area is 78.34 km2 (30.25 sq mi). It is about half of Calamba and less than half of Olongapo City. Iloilo does not have the same extensive manufacturing/industrial/freeport zone as the other two and influx of tourism . Logically the objective data is a revelation - although Iloilo small in land area but have large economic vigor. That is corroborated with Iloilo Human Development Index and Ilongo Lifestyle.
Read link here
What follows on #4 and #5 are Batangas City (282.96 km2 or 109.25 sq mi) and Cebu City (315.0 km2 or 121.6 sq mi) respectively and both of course is way bigger than Iloilo in terms of land area. Compared to Batangas City , Iloilo City is only a third of its size, and compared to Cebu City, Iloilo City is only a fourth of its size and let us not forget that these two big cities has manufacturing/industrial zones to boot.
Footnote: Revenues for the Retail, Levy's on markets , Real Estate , Property Tax, Community Tax , Corporate and Business tax and other things.
sources for fiscal year 2011, based on DOF’s report entitled “How good is your LGU in creating own revenues?” The cities of Olongapo topped the ranking at 66.40 percent and Calamba came in second at 61 percent. The City Mayor credited the finance team and expressed confidence on the capability to perform efficiently in every aspect of governance with dependable local income sources to deliver quality basic services to residents. City Treasurer Katherine T. Tingson noted the city jumped three notches from 6th place in 2010 with 57.80 percent local income generation performance. The capacity of city government to generate revenues from local sources showed the degree of fiscal independence from national government, Tingson said citing DOF report. The 2010 and 2011 comparative ranking was based on the validated Statement of Receipts
and Expenditures (SRE) reports submitted by city treasures to DOF-Bureau of Local Government Finance (BLGF). SRE serves as official LGU financial
management reporting system of DOF.
Skyscrapercity Iloilo Economic Philosophy:
LGUs ahead of Iloilo are
A. Olongapo City - The land area is 185.00 km2 (71.43 sq mi) has Subic
Bay Freeport Zone etc
B . Calamba City - The land area is (149.50 km2 (57.72 sq mi) is has manufacturing/industrial zones.
Iloilo City's land area is 78.34 km2 (30.25 sq mi). It is about half of Calamba and less than half of Olongapo City. Iloilo does not have the same extensive manufacturing/industrial/freeport zone as the other two and influx of tourism . Logically the objective data is a revelation - although Iloilo small in land area but have large economic vigor. That is corroborated with Iloilo Human Development Index and Ilongo Lifestyle.
Read link here
What follows on #4 and #5 are Batangas City (282.96 km2 or 109.25 sq mi) and Cebu City (315.0 km2 or 121.6 sq mi) respectively and both of course is way bigger than Iloilo in terms of land area. Compared to Batangas City , Iloilo City is only a third of its size, and compared to Cebu City, Iloilo City is only a fourth of its size and let us not forget that these two big cities has manufacturing/industrial zones to boot.
Footnote: Revenues for the Retail, Levy's on markets , Real Estate , Property Tax, Community Tax , Corporate and Business tax and other things.