MANILA — According to the 2022 report by the Commission on Audit (COA), Quezon City remains the wealthiest city in the Philippines in terms of assets.

This comes despite a slight dip from its 2021 total of P451.007 billion as the city still boasts substantial assets totaling P443.406 billion.

In a similar vein, Cebu retained its position as the country’s wealthiest province, with assets totaling P235.738 billion, up from P215.27 billion in the previous year.

The list of the top 10 richest cities in the Philippines is as follows:

Quezon City: P443.406 billion
Makati: P239.478 billion
Manila: P77.506 billion
Pasig City: P52.152 billion
Taguig: P40.840 billion
Mandaue: P34.231 billion
Cebu City: P30.545 billion
Mandaluyong: P32.550 billion
Davao City: P29.701 billion
Paranaque: P27.376 billion

Meanwhile, the top 10 richest provinces in the Philippines are:

Cebu: P235.738 billion
Rizal: P35.594 billion
Batangas: P31.999 billion
Davao de Oro: P23.107 billion
Ilocos Sur: P21.562 billion
Bukidnon: P21.058 billion
Iloilo: P19.977 billion
Negros Occidental: P19.419 billion
Cavite: P19.342 billion
Pampanga: P19.127 billion

Furthermore, the town of Carmona in Cavite maintains its status as the wealthiest municipality in the country, with assets of P6.522 billion. This represents an increase from the P6.211 billion in assets it held in 2021.

The top 10 richest municipalities in the Philippines are:

Carmona, Cavite – P6.522 billion
Limay, Bataan – P5.791 billion
Silang, Cavite – P4.454 billion
Caluya, Antique – P3.822 billion
Cabugao, Ilocos Sur – P3.805 billion
Cainta, Rizal – P3.766 billion
Taytay, Rizal – P3.670 billion
Binangonan, Rizal – P3.489 billion
Sta. Maria, Ilocos Sur – P3.267 billion
Sta. Cruz, Ilocos Sur – P3.215 billion

These figures are part of the 2022 Annual Financial Report for Local Government, as mandated by the Constitution and the Government Auditing Code of the Philippines.

The report covers the financial statements of 1,685 out of 1,715 local government units, comprising 81 provinces, 147 cities, 1,487 municipalities, and the Bangsamoro government, which consists of 27 ministries and offices.

(Filed by JR AMIGO/ai/mnm)