NEWS ALERT: ‘Construction more viral than COVID-19’ —Mayor Isko
Manila City Mayor Francisco ‘Isko Moreno’ Domagoso said on Thursday, July 15, that infrastructure investment in the nation’s capital improved despite the ongoing COVID-19 pandemic.
Reporting for his third State of the City Address, Domagoso said that infrastructure investment reached P148 billion or a 43% increased compared to last year’s data.
The Mayor also said that the number of new business applications increased to 4,829 from January 1 to June 25, 2021 compared to 2,933 of the same time period last year.
The local government of Manila has also collected 71.36% of its real property tax full year target for the first half of 2021 alone.
Over-all revenue collection were likewise recorded at P19,177,099,394 from July 1, 2020 to June 30, 2021.
This is equivalent to a 50.71% increase compared to last year’s despite the following factors: 20% reduction of Real Property Taxes on all classes of real properties; Decreased share from Internal Revenue Allotment; and the COVID-19 pandemic.
“Sabi ng iba fiscal miracle daw. Buong kababaang loob na sagot ko: Walang himala, pwede pala, kaya pala,” Domagoso said.
“If people are shown how taxes they have paid are spent, they will pay it, on time. I say it again: The best way to promote tax obedience is to practice good governance,” he added.
Domagoso attributed the increases to the pro-business policies and programs that the city government implemented amid the COVID-19 pandemic.
Among the policies placed were the continuation of movement of cargo trucks in Port Area, the round-the-clock operation at Divisoria Night Market, and the free offer of COVID-19 testing for the private sector.
Continuous consultation with business groups and the launching of Manila Restaurant Week were also part of the advocacy of the government in supporting local businesses.
“If businesses see an investment environment that is fair, they will bring their capital here; and we have demonstrated to them that profit with honor can be earned in Manila,” he added.