Quezon City has once again solidified its position as the wealthiest Local Government Unit (LGU) in the Philippines, marking its third consecutive year at the top. The Commission on Audit’s 2022 Annual Financial Report reveals that Quezon City boasts total assets exceeding ₱400 billion. This remarkable financial standing reflects the city’s robust economic activities and prudent fiscal management, positioning it as a significant player on the national stage.

In the rankings, Makati City secures the second spot, further underlining its financial strength among LGUs. Following closely behind, Manila clinches the third position, showcasing its economic significance in the country. These results underscore the critical role that major cities play in driving the economic engine of the Philippines and their commitment to responsible financial stewardship. It also highlights the need for continuous efforts to ensure equitable distribution of resources and development across the nation.

(SOURCE CNN)