Pangasinan ranks 1st in local revenue generation
PANGASINAN was awarded as Ilocos Region’s top performer in terms of highest locally sourced revenues in nominal terms and in year-on-year growth in locally sourced revenues, both for the year 2023, by the Bureau of Local Government Finance (BLGF).
In addition, the province ranked second in terms of Collection Efficiency on Locally Sourced Revenues for Fiscal Year 2023 and Top 2 on Ratio of Locally Sourced Revenue to Total Current Operating Income for the same year.
Provincial Treasury Office head Cristy Ubando accepted the awards during the BLGF Region I Year-end Assessment Conference and Recognition of Top Performing LGUs of Region 1 on November 27, 2024, at the Eastwood Richmonde Hotel, Quezon City.
Governor Ramon Guico III said the provincial government endeavored to increase revenues through improved tax collection and sound business policies.
“We have set clear directions for investors and instituted policies that would be beneficial to them,” he said.
His administration also capitalized on the province’s abundant mineral resources, and this involved the launch of automated digital apps to modernize and boost the collection of revenues from mining and quarry operators.
It can be recalled that from the total quarry collections that ranged from P12 million to P15 million during the previous administration, the present administration managed to collect an P224.33 million. (PIMRO/RFR)
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