22/10/2025
๐๐๐ฏ๐๐จ ๐๐ข๐ญ๐ฒ ๐ค๐๐๐ฉ๐ฌ ๐ฌ๐ฉ๐จ๐ญ ๐๐ฆ๐จ๐ง๐ ๐ญ๐จ๐ฉ ๐ฉ๐๐ซ๐๐จ๐ซ๐ฆ๐ข๐ง๐ ๐๐๐๐ฌ
The Department of FinanceโBureau of Local Government Finance (DOF-BLGF) recognized Davao City as one of the top performing local government units (LGUs) in terms of locally sourced revenue (LSR).
In the recently released DOF-BLGF Memorandum Circular No. 017.2025, which recognized top performing LGUs in strengthening Local Government Finance for the Fiscal Year (FY) 2024, Davao City maintained its spot among the Top 10 cities with a total of Php 6,842.98 million in LSR.
This is significantly higher than its 2023 LSR OF Php 6,672.89 million.
Other LGUs recognized include Quezon City, Makati City, Taguig City, Pasig City, Manila City, Paraรฑaque City, Pasay City, Mandaluyong City, and Cebu City.
โThe fact that the City maintained its spot as one of the top performing cities in the country on local source revenues shows that the City has been consistent in its efforts to achieve and surpass its target collection, made possible by the contribution of all Dabawenyo taxpayers,โ Atty. Lawrence Bantiding, the City Treasurer, said in an interview.
He added that the cityโs LSR collection consistently increases each year, with business taxes being the leading contributor.
โIt presupposes that most of the business establishments in Davao City have increased their gross sales or receipts declaration, resulting in an increase in business tax collection as well,โ Bantiding explained.
As of September 2025, the cityโs total revenue collection already reached Php 12,053,369,244.53, 46.63 percent of which was from business taxes while 18.15 percent was from real property tax. CIO
