In the first full year following the COVID-19 pandemic, Quezon City, Makati City, and Taguig City have emerged as the top revenue earners in Metro Manila, showcasing significant Annual Revenue Income (ARI) growth.

According to data from the Department of Finance Bureau of Local Government Finance (DOF-BLGF), these cities demonstrated economic resilience and robust fiscal management, contributing positively to the country’s economic landscape.

Top Revenue Earners in 2023

The following is a detailed list of Metro Manila’s LGUs, ranked from highest to lowest revenue earners in 2023:

Quezon City: 27.41 billion pesos
Makati: 19.36 billion pesos
Taguig: 13.54 billion pesos
Pasig: 13.13 billion pesos
Manila: 12.43 billion pesos
Parañaque: 7.9 billion pesos
Pasay: 7.35 billion pesos
Mandaluyong: 5.76 billion pesos
Muntinlupa: 4.63 billion pesos
Caloocan: 4.09 billion pesos
Valenzuela: 3.98 billion pesos
Las Piñas: 2.52 billion pesos
San Juan: 2.05 billion pesos
Marikina: 1.58 billion pesos
Malabon: 1.23 billion pesos
Navotas: 1.0 billion pesos
Pateros: 0.2 billion pesos

Key Highlights and Growth Trends

Despite being the smallest unit in terms of total revenue, Pateros recorded the highest year-on-year growth with an impressive 65% increase in revenue. This growth rate is a testament to the municipality's effective fiscal policies and strategic initiatives aimed at boosting local income.

Following Pateros in year-on-year growth were:

Quezon City: 30%
Makati: 26%
Pasay: 23%
Mandaluyong: 20%

Other cities showing double-digit growth included Parañaque (17%), Las Piñas (16%), Pasig (14%), Valenzuela (14%), Muntinlupa (13%), Taguig (11%), and Navotas (10%).

Slowest Growth Performers

The cities with the slowest year-on-year growth included:

Manila: 9%
San Juan: 9%
Malabon: 9%
Caloocan: 8%
Marikina: 7%

ATTRACTIONS TO SEE IN MANILA

ARI to Debt Ratio

In terms of ARI to debt ratio, seven LGUs surpassed the NCR average of 0.19, with Marikina leading at 2.28. The cities with above-average ARI to debt ratios are:

Marikina: 2.28
Manila: 1.07
Navotas: 0.44
Valenzuela: 0.43
Malabon: 0.40
Caloocan: 0.36
Mandaluyong: 0.29

Moreover, six LGUs are debt-free, highlighting their financial health and efficient budget management. These cities are Las Piñas, Makati, Parañaque, Pasig, Pateros, and Quezon City.

The revenue performance of Metro Manila's LGUs in 2023 reflects a promising recovery and strong fiscal discipline post-pandemic. The substantial ARI growth among these cities not only underscores their economic resilience but also sets a positive trajectory for continued development and prosperity in the region.

Quezon City Tops NCR Revenue in 2023