The Makati City government has achieved 80 percent of its 2024 revenue target within four months.
Mayor Abigail Binay stated that the city’s total collection of P14,764,700,267.36 in April ensures adequate funding to sustain the implementation of enhanced health, education, and other social programs and innovations planned for the year.
“Our robust revenues provide us with the financial stability we need to continuously implement programs that go well beyond the basic needs of our constituents. We are grateful to our taxpayers for their trust and confidence in the city government, especially the business sector, which remains the largest contributor to the city’s coffers,” she said.
The city collected nearly P8.2 billion in business tax or 81 percent of the target, followed by real property tax with P5.2 billion or 107 percent of the target.
In the first four months of the year, 1,820 new businesses registered, with a combined capital investment worth over P16.3 billion. In the same period, 34,203 businesses renewed their business permits and registered total gross sales amounting to over P1.8 trillion.
The city’s total budget for this year is P21.1 billion, with the Social Development sector having the lion’s share with an allocation of P10.4 billion, or 49.43 percent. The Education sub-sector received the biggest share with P4.5 billion, followed by Health with P4.1 billion, and Social Welfare with P1.8 billion.
Makati public school students receive free uniforms, shoes, school supplies, tumblers, emergency go bags, grocery packs, rain gear, hygiene and anti-dengue kits, and nutritious snacks.
The city is transforming 400 classrooms into smart classrooms equipped with interactive whiteboards, notebook tablets, and unlimited internet access.
Yellow Card holders and their dependents are entitled to free health care services, including dental services, unlimited dialysis, prenatal checkups, Baby Makatizen bags, newborn screening and hearing tests, and vaccines.
The city government also provides subsidies for members of PhilHealth ng Masa, free birthday cakes, movies, cash gifts, burial assistance for senior citizens, disaster relief assistance, rice assistance, cash incentives for solo parents, Pamaskong Handog bags, student insurance, mass weddings, and other social programs.