08 Jul Cagayan de Oro, 3rd Billionaire City In Mindanao
Mga higala! Based on the 2018 Fiscal Data released by the Department of Finance (DOF), CAGAYAN DE ORO is the 3rd billionaire city in Mindanao, with a total current operating income of over 2.5 BILLION PESOS!
12 others were also identified as billionaire cities.
This includes Davao (1st), Zamboanga (2nd), General Santos (4th), Iligan (5th), Butuan (6th), Tagum (7th), Malaybalay (8th), Valencia (9th), Digos (10th), Panabo (11th), Pagadian (12th), and Mati (13th).
See the full list and their total current operating income below:
Image by Mindanao Economic Boom-FB.
Also shown above are the next billionaire cities in Mindanao.
ICYDK, the “total operating income” is the sum of a city’s Locally-Sourced Income (LSI) + Internal Revenue Allotment (IRA).
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