Benguet Province has soared to 7th place in the top 10 local government units (LGUs) in terms of year-on-year growth rate for the fiscal year 2019-2020. This is the first time that the province has made it to the top 10 in the Bureau of Local Government Finance's (BLGF) annual ranking.
The province's locally sourced revenue (LSR) increased by 12% in 2019-2020, from 363.5 million pesos to 407.15 million pesos. This is a significant achievement, especially considering the challenges posed by the COVID-19 pandemic.
Achieving a Milestone
The province of Benguet in the Cordillera Administrative Region (CAR) has been awarded for the very first time for landing 7th in the top 10 local government units (LGUs) in terms of year-on-year growth rate for the fiscal year 2019-2020 nationwide.
The office of the Benguet Governor wrote in a post that the province noted a 12.00% increase with 407.15 million pesos compared to the 363.50 million pesos Local Sourced Revenue (LSR) in 2019.
Mary Lou Gamboa, LTOO IV at BLGF-CAR, said that only the Provincial Local Government of Benguet made it to the top 10 among all the provinces in the Cordillera region.
Attributing to the Success
She also confirmed that this is the first time the Provincial Government of Benguet achieved an award for being a top LGU in terms of growth of locally sourced revenue such as real property and business taxes, fees, and charges.
"Aside from the IRA (internal revenue allotment), they also collect a significant amount of revenue, so they can also rely on their own collections," Gamboa added.
Gamboa also acknowledged the Benguet Provincial Treasury Office headed by Ms. Imelda Macanes for their collective effort in achieving this milestone.
Looking Forward
Gamboa, representing BLGF-CAR headed by Regional Director Florizelda A. Enriquez, handed the certificate of achievement to the Provincial LGU of Benguet at the Provincial Governor's Office on May 5, 2022.
Governor Diclas expressed his gratitude to the Benguet constituents and to the Provincial Treasury Office as well as to all the offices concerned with the collection of fees and charges for their efforts in boosting the province's revenue generation.
With its strong economy and its hardworking people, Benguet is poised for continued success.
