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Mandaluyong City’s strong financial management has once again earned several important awards from the Bureau of Local Government Finance (BLGF) under the Department of Finance (DOF).
With the leadership of Mayor Ben Abalos and Vice Mayor Menchie Abalos, the city was recognized for effectively managing its expenses and increasing local revenue.
In Fiscal Year (FY) 2022, Mandaluyong secured the Top 5 spot for Highest Local Sourced Revenue to Total Current Operating Income among all cities in the Philippines. In FY 2023, the city improved its ranking, moving up to Top 4 which highlights the city’s success in generating significant income from local sources.
Meanwhile, Mandaluyong also stood out for its responsible use of resources and ranked Top 4 Highest Total Current Operating Expenditure per Capita in FY 2022 and FY 2023. For two straight years, the city showed how well it spends on public services and essential needs based on the size of its population.
Additionally, Mandaluyong ranked 7th among the Highly Urbanized Cities in the country with Year-on-Year (YoY) Growth in Local Source Revenues (GLSR) for FY 2023. This achievement strengthens its reputation as one of the best-performing cities in the country.
The awards from the BLGF confirm Mandaluyong City’s leadership, with a clear focus on improving the lives of its residents, ensured progress in both financial management and governance. (/)