Quezon City remains the wealthiest city, while Cebu is the wealthiest province
This is AI generated summarization, which may have errors. For context, always refer to the full article.MANILA, Philippines – For the fourth straight year, Quezon City remained the wealthiest city in the country, the Commission on Audit’s 2023 Annual Financial Report on Local Government Units found.
The city, which is also the Philippines’ most populous, was hundreds of of billions away from the second-placer, Makati. Financial center Makati’s assets grew to P243.44 billion in 2023 from P239.478 from the previous year. Parañaque City, meanwhile, leapfrogged four ranks from 10th to 6th. In 2023, it finished with P35.512 billion in assets, gaining more than P8 billion from P27.376 billion in the previous year.
Caluya, Antique took over first place with P6.269 billion, overtaking Limay, Bataan, and Silang, Cavite.
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