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Jap Adupe

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The Rich, Richier, Richest. Philippine towns with top regular income in fiscal year of 2014.

Cainta, aside from being the most populous municipality in the country, is now the richest with an annual income in 2015 of P1,251,517,325.79 even if it has a small land area of 42.99 square km (or 16.60 sq mi). Cainta municipal hall photo credit: Ramon FVelasquez.

Of the 1,502 local government units referred to as municipalities (or towns) of the Philippines, many reported high earnings (annual regular income) for the fiscal year end of 2014. Below is a listing of these LGU’s beginning from the highest income earner to the lowest.

While income was arranged beginning from the highest, it is not inferred that the town referred to is really that rich since we do not take into account the total financial information details of the local government unit like expenditures, savings and comparison of earnings versus population data and land area.

Annual regular income of local government unit consists of locally sourced revenue together with Internal Revenue Allotment (IRA) for the year and other shares from the national tax collection.

Locally sourced revenue includes real property tax, tax on business, other taxes, regulatory fees, service/user charges, and receipts from economic enterprises.

The first listing below are the top towns with earnings between P892,914,458.54 (Cainta, Rizal) and P403,762,028.29 (T’Boli, South Cotabato). In December 2015, General Trias was converted into a city.

The second table presents muncipalities with earnings between P393,140,741.12 (Santo Tomas, Batangas) and (Norzagaray, Bulacan) 307,011,367.69 which include 12 towns.

This is the third listing beginning with the town of Limay, Bataan (P298,309,838.39) and ending with Talavera, Nueva Ecija (P200,850,807.05) covering 60 towns in all.

The fourth table below starts with earnings between P198,218,190.63 (El Nido, Palawan) and P150,447,196.69 (Bolinao, Pangasinan) covering 101 towns.

The fifth table below represents LGUs with earnigns between (149,595,344.51 (Murcia, Negros Occidental) and P125,021,575.99 (Pinukpuk, Kalinga) cover 93 municipalities.

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First Published         31 Jan , 2016      4:01 pm      (UTC/GMT -8 HRS)       with 256 views.

THIS ARTICLE IS RELATED TO    Annual Regular Income, Calabanga, Good News Now, Internal Revenue Allotment, local government unit, Public Finance, year end report