This second post covers the year of 2002. Check out how towns, big and small, tumbled down in their rankings as others managed to stay on the top earning money and spending less. It is interesting to note how municipalities “played” with numbers in allocating tax money.
We just got hold of information about income and expenditures of towns, cities and provinces. So this post begins a series related to that, and we will try to make the most logical presentation with analysis and comparison to better understand the data.
For the fiscal year of 2007, the LGU of Libmanan was the first and only that surpassed the P100M earnings among the 35 municipalities, while capital town Pili had P87M. Rinconada’s Nabua made P73.2M and the third district town of Calabanga earned P72.6M.
Annual inflation rate in the Bicol Region continued its uptrend in February gaining 0.3 percentage point over the January 2013 level. The year-on-year change came in at 3.4 percent, posting a five-month high in February primarily due to the double-digit spike in the prices of so-called sin products. The latest […]
We are crunching figures here. This time, we discuss how the six Bicol provinces spent the people’s money in 2009. Selected were five current operating expenditures which ate up much of the operating income of, and by comparison with, all six provincial local government units. General Public Service The province […]
There is no stumbling block on the surge of Camarines Norte’s capital of Daet to the top of regional ranking by income of Bicol municipalities for the year 2005. Albay province’s top earner Daraga did not even take the second spot and was relegated to number 3. LGU Labo (again, of Camarines Norte) ranked second.
The province of Camarines Sur and the city of Naga lead the list of top earners in their category for three consecutive years of 2001, 2002 and 2003. The perennial seconders are Albay province and Legazpi city for the same reference periods.
For the fiscal year of 2006, 33 out of 107 Bicol municipal LGUs earned an income over and above the P50M mark. Camarines Norte capital town of Daet topped with an annual income of P158M followed by Albay’s premier town of Daraga. CamSur’s Pili earned P77M to place 6th. Catanduanes capital of Virac earned P65M for the 17th.
The regional office of the Bureau of Customs in Bicol disclosed on Monday it was short of P17.4 million in its collection target of P135.2 million during the past three quarters of this year. The agency attributed the shortfall due to the decrease in import duties paid by companies operating […]
We just got hold of information about income and expenditures of towns, cities and provinces. So this post begins a series related to that, and we will try to make the most logical presentation with analysis and comparison to better understand the data.
MANILA — There will be no new tax imposition this year. This assurance came from Malacanang reassuring the public that there will be no new tax policy to be imposed by the government in 2014. A palace deputy presidential spokesperson instead said the Aquino administration will continue to focus on […]
The government has launched a website that allows the public to monitor the status of foreign aid for relief operations in super typhoon Yolanda-hit areas. Department of Budget and Management Undersecretary and Chief Information Officer Richard Moya said the initiative, called Foreign Aid Transparency Hub (FAiTH), may be accessed through […]
Positioned in rank #1 is Albay province’s premiere town of Daraga with annual income of P108,615,847. Daet, the capital town of Camarines Norte earned P79,165,000 and ranked 2nd. Another town of Camarines Norte, Labo, had annual earnings of P78,378,000 and ranked 3rd. Big town Libmanan of Camarines Sur with earnings of P71,331,958 was ranked 4rth.
Bicol has the highest underemployment rate among the regions in the country, according to the latest survey conducted by the National Statistics Office. About 33.5 per cent of workers or employees express the desire to have additional hours of work in their present job or to have additional job, or […]
Even with the impending eruption of Mayon volcano, there are tell tale signs that disaster tourism has positive economic benefits to the province of Albay and Legazpi city. The national government thru its various national agencies are pouring millions of pesos as ready funds to finance expenditures and purchases of […]
BACOLOD CITY, Nov. 19 (PNA) — The state pension fund Government Service Insurance System is opening a window for emergency loans for its pensioners from the areas devastated by super typhoon “Yolanda,” including Negros Occidental, its chairman Daniel Lacson Jr. announced Tuesday. The EML for pensioners facility is being rushed […]
For the fiscal year of 2004, 48 Bicol towns out of 107 earned an income of P37M or more which totalled P2,478,990,989 out of the regional earnings of P3,951,780,429. Of these local government units, twenty breached the P50M yearly income while the reamaining 28 municipalities earned between P35 but less than P50M.
In our continuing presentation of the annual income of Bicol LGUs we take a look at how they compare in rank with others. The province of Rizal topped the list. Quite remarkable considering that many of its premier and urban towns were chopped from its jurisdiction when the National Capital region was created.
Bicol congressmen received a total of P3.881 billion pork barrel funds between 2009 and March 2013, according to the records of the Department of Budget and Management. The amount represent funds released to 24 present and past congressional representatives of the six Bicol provinces. Representative District Amount 1 Bravo, Narciso […]
Research group IBON calls on lawmakers deliberating on the budget for the controversial Conditional Cash Transfer (CCT) Program to look into the resulting additional debt burden that Filipinos will shoulder to repay the program’s loans.
MANILA, Jan. 6 — The country’s economy is projected to sustain a robust growth of 6.5 percent this year, slightly lower than the 2013 estimate of 6.75 percent, on the back of buoyant infrastructure investments and stronger consumption, according to a finance firm. “The administration’s main thrust is infrastructure spending […]
This second post covers the year of 2002. Check out how towns, big and small, tumbled down in their rankings as others managed to stay on the top earning money and spending less. It is interesting to note how municipalities “played” with numbers in allocating tax money.
Annual inflation rate in the Bicol Region continued its uptrend in February gaining 0.3 percentage point over the January 2013 level. The year-on-year change came in at 3.4 percent, posting a five-month high in February primarily due to the double-digit spike in the prices of so-called sin products. The latest […]
Naga City, Bicol’s financial, business, educational and religious capital now has a total net worth of over P4.675 billion, making it the richest local government unit (LGU) in the region, according to the Commission on Audit (COA). The City of Ligao, in Albay province, followed far second, with a total […]
To give us a broader and over-all picture of the total annual income of all LGUs, all provinces, all cities and all municipalities, would it be better if they are summed-up by region? So here it is, the table of consolidated income of all LGUs. This post finally closes the presentation on the 2005 income of Philippine towns, cities and provinces.
The regional office of the Bureau of Customs in Bicol disclosed on Monday it was short of P17.4 million in its collection target of P135.2 million during the past three quarters of this year. The agency attributed the shortfall due to the decrease in import duties paid by companies operating […]