Makati attains 82% of its 2025 revenue target as of April
Map of Makati City
MANILA, Philippines — Makati City has achieved 82 percent of its revenue target from local sources for 2025 as its total collections already reached P14.24 billion as of April, the local government said.
If external sources are included, the city’s total collection has already stood at P15 billion, outgoing Makati Mayor Abby Binay said.
Binay attributed Makati’s financial stability and economic growth to digital innovations adopted by her administration, particularly for faster processing of business permits.
She mentioned that Makati was able to register 1,962 new businesses and renew the permits of 35,019 existing businesses from January to May of 2025. New businesses reportedly reached P28.25 billion in investment capital, while existing businesses were over P2.07 trillion in gross sales.
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“The city continues to enjoy a stable revenue base for the past nine years owing, in large part, to our willingness to harness technology to make our transactions with the business sector more convenient, efficient, and transparent,” Binay said in a statement on Wednesday.
“We have sustained Makati’s strength as a premier investment destination for both local and foreign investors by demonstrating our commitment to good governance and transparency,” she added.
Apart from this, Binay mentioned that her administration resolved to keep up with national standards and policies set by regulatory bodies, such as the Anti-Red Tape Authority and the Commission on Audit.
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She likewise said that their Makatizen Online Assessment and Payment Portal, as well as their Makatizen Hub satellite office, have helped streamline business transactions and improve compliance, which resulted in higher collection efficiency.
According to the latest report from the Office of the City Treasurer, Makati has collected P8.73 billion in business taxes or 61.32 percent of the local revenue collection from January to April, which is 7 percent higher than business tax collection for the same period in 2024.
Other locally sourced income consisted of P4.89 billion from Real Property Tax, P515.28 million from Fees and Charges, and P93.72 million from Economic Enterprises, the local government said.
It added that Makati’s collection also includes Interest Income at P235.91 million; National Tax Allotment at P397.87 million; and Share from Economic Zone at P129.60 million.
After her term ends in June, Mayor Abby will be replaced by her sister, outgoing Senator Nancy Binay, who was elected in the position at the last 2025 midterm elections. /jpv
