Cebu Province Generated P391M Income in 2013

Acting Provincial Treasurer Emmanuel Guial, in a statement released by the Capitol’s official website (www.cebu.gov.ph), said last year’s local income is higher than the last two year’s P335 million.

Guial said the income came from local taxes, operating and miscellaneous revenues, and from Capitol’s economic enterprise.

To include the Internal Revenue Allotment (IRA), Capitol’s income reached P2.2 billion, excluding the P71.9 million special education fund (SEF)and P97.1 million in trust fund.

Guial said last year’s increase of local revenues is from the additional income generated from Larsian, a local barbecue center in Fuente Osmeña that underwent an expansion in 2013.

He said Larsian’s total revenue last year reached P6.1 million.

The provincial treasurer said the mining operations (sand and gravel and quarry activities) also contributed to this increase. He also added the strict monitoring of the Provincial Environment and Natural Reaources Office (PENRO) and the Civil Security Unit of the Provincial Revenue Code has contributed to this development.

“Even district hospitals have also given considerable revenues to Cebu’a coffers”, he said adding that last year, district hospitals has generated a P145.5 million for the province, a little higher from 2012’s P92 million.