The Davao City government has surpassed its target income for 2020 despite the coronavirus pandemic, an official said.
Acting City Treasurer Atty. Lawrence Bantiding said the city earned a total income of P10,340,632,692.97 from local taxes, service income, business income, economic enterprise, other income, and from the internal revenue allotment (IRA).
The amount also exceeded the P9,660,770,776.57 income earned in 2019.
Bantiding, who heads the City Treasurer’s Office (CTO), said the city’s target income was pegged at P10,337,732,662 at the start of 2020.