Quezon City (QC) topped the list as the country’s richest local government unit (LGU) with total assets amounting to more than P451 billion in 2021, while Makati City, the top contender in 2019, came in second with assets worth P238.5 billion.
Quezon City topped the list as the country’s richest local government unit with total assets amounting to more than P451 billion in 2021, while Makati City, the top contender in 2019, came in second with assets worth P238.5 billion.
The list of richest LGUs was contained in the Commission on Audit’s 215-page Annual Financial Report for the local governments which was released last Oct. 10. The report stated that QC’s assets actually took a P1 billion dip in 2021, since its assets in 2020 amounted to P452.3 billion. On the other hand, Makati City’s assets in 2021 were a bit higher compared to its reported P238.4 billion in 2020.2. Makati City – P238.562 billion6. Cebu City – P33.343 billion9. Davao City – P26.556 billionThe top four cities secured the same spots in 2020, although Taguig City managed to elbow Cebu City in 2021, the report said.
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