Mayor Abigail Binay expects Makati City to reach its P18.42 billion revenue goal this year attributable to business and real property taxes, having already collected P16 billion or 87% of its full-year target as of June.
She stated that the reduced NTA share had minimal impact on the city’s financial stability, and she is confident that they will exceed this year’s revenue target, enabling the implementation of better programs and projects planned for this year and the next. Its earnings from Interest Income reached P317.8 million, while its income from external sources included P503-million NTA and P164-million share from the Economic Zone .
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