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BLGF-7: Cebu tops revenue collections
- Source: http://www.philstar.com/cebu-news/2015/07/05/1473499/blgf-7-cebu-tops-revenue-collections
- Sunday, July 5, 2015 12:00 am
- By Liv G. Campo / NSA (The Freeman)
CEBU, Philippines - The Bureau of Local Government Finance-7 has named the Cebu provincial government as the top performing local government unit in terms of revenue collection and assessment operations for last year.
In last month’s assessment, BLGF-7 noted an average growth of 39.61 percent in Cebu’s revenue collection, the highest of all four provinces in Central Visayas that it evaluated. The evaluation was also conducted to 16 cities and 116 municipalities in the region.
Based on the said evaluation, Cebu Province showed a steady increase of collections on real property tax and charges in 2013-2014. Its collections for real property tax, business tax, fees and charges and economic enterprise have also significantly increased in 2014.
Cebu’s RPT increased by 10.01 percent while business tax by 24.88 percent. Collection for fees and charges reflected a 503.81 percent growth and economic enterprise by 13.26 percent.
Meanwhile, Governor Hilario Davide III said the province has achieved this growth through the efforts of the Cebuanos who pay their taxes properly and to the provincial government workforce who collects these taxes diligently.