MANILA, Philippines — Amid the COVID-19 pandemic, the Makati City local government on Monday announced having exceeded its 2020 revenue target as collections reached P18.1 billion last November.
This figure is 102 percent of the city’s full-year target of almost P17.8 billion, the city government said in a statement.
Based on the report of City Treasurer Jesusa Cuneta, Makati City’s full-year target this year exceeded by 3 percent its actual collections during the same period last year.
The bulk of collections came from business taxes amounting to P9.5 billion, and real property taxes worth almost P6 billion, Makati City Mayor Abby Binay said.
Makati City also…
Keep on reading: Amid pandemic, Makati tops 2020 revenue target with P18.1B collection