Wealthiest city, province and town keep their status
QUEZON City, Cebu and Carmona, Cavite remained the wealthiest city, province and municipality respectively, the Commission on Audit (COA) repost said.
Based on the 2022 Annual Financial Report on Local Government, Quezon City remains the wealthiest among the country’s 147 cities with assets totaling P443.406 billion as of the year end 2022, P7.6 billion lower than the P451.007 billion it declared in 2021.
On the other hand, Cebu kept its stranglehold on the distinction as wealthiest province with declared assets of P235.738 billion last year, up P20.47 billion from a year ago.
Carmona, Cavite also kept the top spot as wealthiest municipality on P6.523 billion assets, improving P311 million from P6.212 billion in 2021.
Copies of the same report were submitted to the Office of the President, Office of the Senate President, and the Office of the Speaker on September 26, 2023.
The 2022 AFR on Local Government covered 81 provinces, 147 cities, and 1,487 municipalities.
Next to Quezon City are the 19 richest: Makati City ( P239.478 billion); Manila (P77.506 billion); Pasig City (P52.152 billion); Taguig City (P40.840 billion); Mandaue City (P34.231 billion); Cebu City (P30.545 billion); Mandaluyong City (P32.550 billion); Davao City (P29.701 billion); Parañaque City (P27.376 billion); Caloocan City (P27.205 billion); Zamboanga City (P23.408 billion); Laoag City (P20.971 billion); Antipolo City (P18.762 billion); Calamba City (P18.585 billion); Pasay City ( P17.979 billion); Puerto Princesa (P16.798 billion); Baguio City (P14.465 billion); Cagayan de Oro (P13.608 billion) and Valenzuela City (P13.323 billion).
Within striking distance of the frontrunners are Dasmariñas City in Cavite with assets totaling P13.26 billion, Las Piñas City in Metro Manila with P13.229 billion, and Iligan City in Lanao del Norte with P13.108 billion.
The wealthiest provinces include: Cebu (P235.738 billion); Rizal (P35.595 billion); Batangas (P31.999 billion); Davao de Oro (P23.108 billion); Ilocos Sur (P21.562 billion); Bukidnon (P21.058 billion); Iloilo (P19.977 billion); Negros Occidental (P19.419 billion); Cavite (P19.342 billion); Pampanga (P19.127 billion); Palawan (P18.135 billion); Leyte (P17.910 billion); Isabela (P17.892 billion); Surigao del Norte (P16.793 billion); Camarines Sur (P16.192 billion); Pangasinan (P15.897 billion); Zamboanga del Sur (P15.849 billion); Negros Oriental (P14.659 billion); Bulacan (P13.825 billion); Nueva Ecija (P13.780 billion).
Meanwhile, the wealthiest municipalities are: Carmona, Cavite (P6.523 billion); Limay, Bataan (5.792 billion); Silang, Cavite (P4.454 billion); Caluya, Antique (P3.822 billion); Cabugao, Ilocos Sur (P3.806 billion); Cainta, Rizal (P3.767 billion); Taytay, Rizal (P3.671 billion); Claver, Surigao del Norte (P3.568 billion); Binangonan,Rizal (P3.490 billion); Sta. Maria, Ilocos Sur (P3.268 billion); Sta. Cruz, Ilocos Sur (P3.216 billion); Pilar, Abra (P3.203 billion); Magsingal, Ilocos Sur (P3.044 billion); Nasugbu, Batangas (P2.959 billion); Sinait, Ilocos Sur (P2.921 billion); Rodriguez, Rizal (P2.855 billion); Sual, Pangasinan (P2.645 billion); Bataraza, Palawan (P2.575 billion); Salcedo, Ilocos Sur (P2.550 billion); and Tanay, Rizal (P2.534 billion).
Trying to catch up are the municipalities of Aroroy, Masbate with P2.511 billion, Masinloc, Zambales with P2.449 billion, Mariveles, Bataan with P2.338 billion, and Mauban, Quezon with P2.320 billion.
