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.
LEGAZPI CITY — Unknown to the 250,000 power consumers in Albay, the National Electric Administration has filed for a power rate increase in anticipation of the final takeover of the San Miguel Corp. of the operation of its recently acquired bankrupt electric cooperative of the province, according to documents obtained […]
Looking deep at the 2005 income of cities and provinces of Bicol this time, the trend is no different from previous years. The moneys earned stay more on the uptrend. The cities of Legazpi and Naga are truly rivals. Sorsogon may seem to occupy the third position now and the next years to come.
Through PPP projects, many crucial responsibilities of the government are being transferred to profit-oriented private corporations and banks, particularly the development and operation of core infrastructure such as roads and mass transportation network, power generation, and water supply and distribution, among others.
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.
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 […]
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.
MANILA, Dec. 2 — The peso strengthened against the United States dollar on Monday and is seen to remain this way until Friday on account of the volume of data set for release this week that is expected to be on the US dollar’s disadvantage. It gained P0.10 to end […]
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 […]
Provincial capitol employees of Catanduanes will skip the Christmas party this year. This was confirmed as the governor of Catanduanes has scrapped the traditional merriment in favor of a very noble purpose.. Governor Araceli Wong said in a statement that the savings by the provincial government from the cancellation of […]
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.
But while Bicol LGUs earn millions (in pesos), it does not follow that the constituents are also that rich. On the contrary, not much has changed on more than majority of the people’s earnings and income. Many families are still below the poverty threshold level around the region. So that there is the strong contrast of the government awashed with money and the people stricken in poverty.
Presented here is a short discussion on how the seven Bicol city local government units prioritized expenditures for the welfare of its constituents. Like the provincial LGUs, selected were five current operating expenditures which ate up much of the operating income of, and by comparison with, all seven city local […]
The ease of usage by cellphone text messaging and the internet has finally caught up the territory previously dominated by the post office, that of sending and delivering letters. Little did many surmised before that it could lead to something economically disadvantageous to some sectors. One government agency is slowly […]
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 […]
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 […]