Davao City has once again proven its excellence in fiscal management and local revenue generation. The City Government of Davao has been recognized by the Department of Finance – Bureau of Local Government Finance (DOF-BLGF) as one of the National Top Performing Cities in Local Source Revenues (LSR) for Fiscal Years 2022 and 2023.
National Achievements
The city’s outstanding performance in revenue generation earned it the following national rankings:
- Rank 8 (FY 2023): Top-Performing City in Local Source Revenues
- Rank 7 (FY 2022): Top-Performing City in Local Source Revenues
Davao City’s consistent performance places it at the forefront of cities outside the National Capital Region (NCR), further showcasing its robust economic framework and effective governance.
Regional Excellence in Region XI
In Region XI, Davao City has achieved remarkable success, securing top spots in key fiscal categories for FY 2023:
- 1st Place: Ratio of Local Source Revenues to Total Current Operating Income
- 1st Place: Local Source Revenues
- 1st Place: Yearly Growth of Local Source Revenues
These accomplishments underscore the city’s commitment to maintaining financial independence and driving sustainable growth for its constituents.
Commitment to Fiscal Excellence
The recognition by the DOF-BLGF is a testament to the City Government’s dedication to transparent and efficient revenue collection and management. The achievements reflect the collective efforts of the local government and the active participation of Dabawenyos in contributing to the city’s development.
As the city continues to lead in fiscal innovation and sustainability, this recognition serves as an inspiration for other local government units across the country.
Moving Forward
“Padayon kita, Dabawenyos!” With this continued success, Davao City reaffirms its commitment to fostering a thriving, self-sustaining community, setting a standard of excellence for others to emulate.