Makati City Economic Situation Free Expression And

Mayor Abby Binay said the citys total revenue collections have reached PHP18,150,510,850 as of the end of November, already exceeding by PHP350.5 million the years revenue target of PHP17.8 billion.

It is such a relief to know that even with the restrictions imposed on businesses to curb the pandemic, our city has been able to achieve its overall revenue goal for 2020 before year-end, Binay said in a statement.

Binay said the bulk of the citys revenues have been collected from the business taxes amounting to PHP9.5 billion and from real property taxes worth nearly PHP6 billion.

Makati city also derived income from local revenue sources including fees and charges amounting to PHP609.2 million and economic enterprises amounting to PHP135.1 million.

Other sources of revenue included interest income (PHP233.4 million), internal revenue allotment (PHP1.2 billion), share from the Philippine Economic Zone Authority (PHP314.6 million), share from PagcorPCSO (PHP4.1 million), and grants and donations (PHP110.8 million), the city government said.

Based on the report of City Treasurer Jesusa Cuneta, Makati Citys full-year target this year has exceeded by about 3 percent of its actual collections during the same period last year.

This encouraging development gives us good reason to be optimistic about brighter prospects for business and the local economy in 2021, said Binay.

In 2018, 61.3 percent of Filipinos in ARMM had per capita income insufficient to meet basic food and non-food needs, said PSA BARMM Director Razulden Mangelen.

The figures are drawn from latest PSA national charts, released here on Feb.

BARMM regional office.

In terms of subsistence incidence, the region has improved at 29.6 percent (relative or in proportion to monthly food threshold) of regional population unable to sufficiently earn for foods and non-foods needs in 2018.

Subsistence Incidence is officially defined as the proportion of families or individuals with per capita income less than the per capita Poverty Threshold to the total number of families or individuals.

The regions recorded monthly food threshold for a family of five members has been pegged, on the average, at P8,102.00.

Poverty Threshold is defined as the minimum income required for a family or individual to meet the basic food and non-food requirements.

Meanwhile, 147,700 or 22.8 percent of BARMMs population did not have enough food for fair subsistence incidence in 2018, the agency said.

In Tawi-Tawi, only 14.7 percent or 10,200 residents had not earned enough of at least P8,822 in average monthly income to meet basic food and non-food needs.

Basilan has posted 65.7 percent poverty threshold or about 41,600 families (with five members each) among its residents were unable to earn PHP 11,141 in average monthly income to meet basic food and non-food needs.

The regions figures also rebound in Maguindanao with only 39.9 percent or 83,100 families not being able to earn PHP 10,465 on average monthly income to meet basic food and non-food needs, according to the PSA.

Again, PSA charts 64.1 percent poverty threshold in Lanao del Sur which means, 108,900 Filipino families there with five members each were unable to earn PHP 12,165 in average monthly income to meet basic food and non-food needs.

Sulu pegs a poverty threshold at 74.3 percent for a PHP 12,042 in average family monthly income to meet basic food and non-food needs.

This means 74.3 percent or 108,600 of Filipino families there were poor in 2018, the PSA said.

Makati City Economic Situation Free Expression And

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