The Department of Finance (DOF) has recognized Makati City for being one of the top performing local government units (LGUs) in the country in terms of revenue generation in 2021.
Makati Mayor Abigail Binay received citation from the DOF’s Bureau of Local Government Finance (BLGF) citing her city as one of top two performing LGUs in Metro Manila based on the 2021 highest locally sourced revenues.
The BLGF also acknowledged Makati as a Local Revenue Generation Hall of Famer based on the highest locally sourced revenues from 2018 to 2020.
Records showed that the Makati’s revenue collections in 2021 amounted to P13,777,253,256.
Binay attributed the city’s sustained financial stability to strong investor confidence, buoyed by the reforms and smart innovations instituted by the city government over the past six years.
“I would like to take this opportunity to thank all of the taxpayers, particularly the business sector, for doing their part despite the pandemic challenges. The business sector has been especially vital to our continued success, supporting our residents with jobs and contributing to the local economy through taxes and other fees,” she said.
As of October 26, 2022, the city government has approved the registration of 3,875 new businesses this year, which have a combined capital investment worth P23.2 billion.
Binay said the city’s strong revenue generation performance also resulted from the strategic collaboration among all departments in the city government to create efficient revenue collection systems and processes, as well as effective policies that support these systems.
“I would like to thank the DOF-BLGF for these awards. These awards serve as a testament to the hard work and dedication our employees have put in to help the city strive and succeed in revenue generation,” she said.
The mayor also said the awards were a recognition of Makati’s innovative and efficient methods of raising revenue, which she hopes will inspire other local governments in their efforts to generate more income.
“We have always been at the forefront of shaping and implementing innovative solutions to provide convenience to all our stakeholders. Through these awards, we hope to inspire other local governments to do the same and ultimately help our nation prosper,” she said.
During the pandemic, Makati launched the MAKA-Connect of the Makatizen Online Assessment and Payment Portal, which allows residents and business owners to pay their taxes and renew their business permits online.
Mayor Binay said the portal prevents crowding at City Hall since residents and business owners do not need to go to City Hall. It also addresses the issue of fixers since taxpayers only need to go to www.makationlinepayments.com and type their Business ID or Tax Declaration Number. After that, they may pay taxes online or over the counter and download a copy of the official electronic receipt.
She said taxpayers will be able to pay taxes via GCash by the end of the year and through Visa or Mastercard by the first quarter of next year.
