Quezon City, Makati, and Taguig Lead NCR Revenue in 2023

Quezon City, Makati City, and Taguig City emerged as the top revenue earners in Metro Manila during the first full year following the COVID-19 pandemic, exhibiting double-digit Annual Revenue Income (ARI) growth, signaling robust economic health for the country’s two wealthiest cities.

Data from the Department of Finance Bureau of Local Government Finance (DOF-BLGF) revealed that Quezon City led the 17 local government units (LGUs) in the National Capital Region (NCR) with an ARI of 27.41 billion pesos in 2023. Makati followed with 19.36 billion pesos, and Taguig with 13.54 billion pesos. Pasig and Manila rounded out the top five with 13.13 billion pesos and 12.43 billion pesos, respectively.


The other 11 cities in Metro Manila also posted substantial revenues. Parañaque ranked sixth with 7.9 billion pesos, followed by Pasay (7.35B), Mandaluyong (5.76B), Muntinlupa (4.63B), and Caloocan (4.09B) in the top ten.

Valenzuela City ranked 11th with 3.98 billion pesos in income, with Las Piñas (2.52B) at 12th, San Juan (2.05B) at 13th, Marikina (1.58B) at 14th, Malabon (1.23B) at 15th, and Navotas (1.0B) at 16th.

Pateros, the sole municipality in Metro Manila, earned 0.2 billion pesos in 2023, placing it last in total annual revenue. However, Pateros led all NCR LGUs in year-on-year growth with a 65 percent revenue increase.

Following Pateros in growth were Quezon City (30 percent), Makati (26 percent), Pasay (23 percent), and Mandaluyong (20 percent). Other cities with double-digit ARI growth from 2022 to 2023 included Parañaque (17 percent), Las Piñas (16 percent), Pasig (14 percent), Valenzuela (14 percent), Muntinlupa (13 percent), Taguig (11 percent), and Navotas (10 percent).

The slowest performers in year-on-year growth were Manila (9 percent), San Juan (9 percent), Malabon (9 percent), and Caloocan (8 percent), with Marikina recording the lowest growth at 7 percent.

Regarding the ARI to debt ratio, seven LGUs surpassed the NCR average of 0.19. Marikina had the highest ratio at 2.28, followed by Manila at 1.07. Other cities with above-average ratios were Navotas (0.44), Valenzuela (0.43), Malabon (0.40), Caloocan (0.36), and Mandaluyong (0.29).

Six LGUs are debt-free: Las Piñas, Makati, Parañaque, Pasig, Pateros, and Quezon City.

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