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Iloilo, NegOcc among richest PH provinces

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Iloilo and Negros Occidental still remain among the 10 richest provinces in the country, the Commission on Audit (COA) announced.

COA’s Annual Financial Report (AFR) on Local Government Unit 2019 ranked Iloilo as the 10th wealthiest, with total assets reaching P13.034 billion.

Negros Occidental, on one hand, had assets valued at P15.901 billion, making it No. 7 in the list. (https://bit.ly/3ilVSrY)

COA said although Iloilo dropped to the 10th spot, its assets increased by about P2 billion from P11.442 billion in 2018.

Meanwhile, Negros Occidental was No. 6 in 2018 with assets reaching P14.446 billion.

Cebu held the top spot as the country’s richest province with P203.9 billion in total assets.

Others included Batangas, Rizal, Davao de Oro, Bukidnon, Surigao del Norte, Leyte and Palawan.