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The Laguna provincial government was the richest in the country, having accumulated a total financial resources of P1.3 billion in 2000 and P1.4 billion in 2001. Laguna continued to be on top among the 79 provinces for 2 consecutive years based on the Philippine Countryside in Figures released by the National Statistical Coordination Board. Financial resources includes local resources, internal revenue allotment (IRA), grants and borrowings.

In 2001, Laguna generated P630.8 million of local resources in the form of real property taxes, business taxes and licences and non-tax revenues such as receipts from economic enterprises and others. This amount represents almost half (45.2%) of the total resources during that year.

Laguna also reported the highest tax revenue collection of P451 million. On internal revenue collections, it consistenly ranked second highest in terms of remittance to BIR of P5.6 and P5.0 million in 2000 and 2001, respectively. (Cebu topped the revenue collections for the past two years.)

Its IRA represented only 44 percent of its total financial resources (the second to the lowest ratio among provinces) as compared to the national average IRA dependency ratio of provincial governments of about 53.7 percent.

However, among the top ten performing provinces in terms of generation of financial resources, Laguna posted an improvement of 8.4 percent for the year 2000-2001.

Palawan on the other hand showed a more impressive growth of 42.3 percent followed by Nueva Ecija with 28.3 percent.

Top Ten Provinces on
Total Financial Resources Generated,
2000 and 2001 (In million pesos)

RANK		PROVINCE	Total Financial Resources		Growth Rate
2000	2001		2000	2001	2000-2001
1	1	Laguna	1286.9	1394.9	8.4
2	2	Pangasinan	1034.8	1168.2	12.9
3	3	Bulacan	1029	1031.7	0.3
4	4	Negros Occidental	897.8	907.2	1.1
6	5	Cavite	857.5	900.4	5
11	6	Nueva Ecija	696.1	892.8	28.3
16	7	Palawan	609.1	807.5	42.3
5	8	Cebu	893.8	813.8	-9
7	9	Batangas	828.8	808.8	-2.4
9	10	Quezon	749.2	746.8	-0.3

Source: Basic data from Commission on Audit, The Philippine Countryside in Figures, NSCB

Note: Ranking excludes NCR cities and municipalities

On a per capita basis, Laguna only ranked 24th. The province had a per capita spending potential of only P719.7 in 2001 while the province of Batanes had the highest financial resources per capita to spend with an impressive capacity of P6,700.

Laguna had a population of 1,965,872 based on the 2000 Census of Population and ranked 6th as the most populated province.

 

For inquiries, please contact:

Ms. Leonor Reyes at telephone number 8972170 or through e-mail addresses lg.reyes@nscb.gov.ph

 

 

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