Davao City not expecting to be in COA’s wealthiest cities for 2020

Mayor Sara Duterte-Carpio said the city is not expecting to keep its status as among the wealthiest Philippines cities in 2020.

This after Davao City was listed as the 10th wealthiest city in the country with a total assets of P19.784 billion last year for local government in to the Commission on Audit’s (COA) Annual Financial Report (AFR).

Davao City was the lone city in Mindanao to hit the top 10.

The COA reported on Thursday the list cities in the top 10:  Makati City as the wealthiest city in the Philippines, with P233.7 billion in assets, followed by Quezon City with P96.4 billion, Manila with P64.8 billion, Pasig with P45.6 billion, Cebu City with P34.7 billion, Mandaue City with P32.1 billion, Taguig City with P29 billion, Caloocan with P20.5 billion, and Pasay with P19.7 billion.

“Wala namo na gitarget na i-achieve for 2019, so that is not a target to achieve for 2020. Dili na siya mao ang ginatarget nato,” the mayor said.

The AFR for local government aims to provide essential information on the financial condition, performance, changes in equity, cash flows, and comparative budget and actual amounts of LGUs and the local government sector as a whole to a wide range of users and stakeholders.

In terms of the mayor’s economic projection in 2021 for the city, she said she still have to wait for the assessment of the City Treasurer’s Office (CTO).

“We will see. Wala pa nahuman and we already instructed the CTO to make an assessment kung pareho lang ba ang atoang collections from last year to this year.  From there on we will try to analyze kung dunay pagbag-o in terms of atoang performance sa collection nato sa city government,” she said.

The mayor is also optimistic that the city’s economy will start picking up middle of 2022.

She also assured that displaced workers will receive assistance from the city’s special projects under Commissioner Norman Baloro. Maya Padillo