By Rjhay E. Laurea
QUEZON CITY — The Quezon City government expressed its gratitude for the recognition given by the Commission on Audit (COA), naming the city as the richest city in the Philippines for the second straight year.
“We are wholly grateful and humbled by this recognition from the Commission on Audit (COA), naming Quezon City as the richest city in the Philippines for the second straight year with a total asset of P451 billion,” Mayor Joy Belmonte said in her statement.
“This distinction shows that our good governance efforts, particularly on fiscal reforms, have paid off,” she added.
Belmonte said that the city owes this recognition to the hardworking men and women of the city government. Without them, Quezon City cannot accomplish this feat.
Belmonte said that “this honor will serve as our source of inspiration and strength to continue working for the betterment of our city and for the welfare of QCitizens.”
Quezon City, as per COA’s Annual Financial Report on Local Governments, maintained its top 1 spot as the wealthiest city in the country in 2021 with a total worth of assets at P451 billion.
The city still managed to retain its top spot among the richest cities even if its assets dropped by P1 billion in 2021 from P452B in 2020.
Other richest cities include Makati City with P238.5 billion; Manila with P65 billion; Pasig with P51 billion; Taguig with P36 billion; Cebu with P33.3 billion; Mandaue with P33 billion; Mandaluyong with P31 billion; and Davao with P26.56 billion. (ai/mtvn)