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The city of Makati has been ranked first among cities by the Department of Finance in sustaining its fiscal autonomy.This, after Makati recorded the highest ratio of local source revenues to total current operating income for fiscal years 2022 and 2023. The country’s top financial district also posted the highest total current operating expenditure per capita among cities for two straight years.
The country’s top financial district has also recorded the highest total current operating expenditure per capita among all cities, with P24,050 in 2022 and P23,995 in 2023.In the latest report of City Treasurer Jesusa Cuneta, the Makati City said it has surpassed its revenue target for the year as of end-August. Total revenue collection reached P18.8 billion, or 102% of the P18.4-billion target.The report shows business tax as the highest revenue source, with P10.
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