SunStar Cebu is country s richest province
WEALTHIEST. Cebu Province again emerged as the richest province in the country with P203.9 billion worth of assets in 2019. / SunStar file
+ FOR the sixth consecutive year, Cebu has emerged as the richest province in the country.
The Commission on Audit (COA), in its 2019 Annual Financial Report on local government units (LGUs), reported that Cebu has assets amounting to P203.9 billion.
The amount is 471.9 percent higher compared to the Province’s assets in 2018 worth P35.65 billion.
Batangas ranked second with P20.79 billion worth of assets followed by Rizal with P20.28 billion.
Those who made it to the list included Davao de Oro (4th) with P20.10 billion; Bukidnon (5th) with P18.29 billion; Surigao del Norte (6th) with P16.68 billion; Negros Occidental (7th) with P15.90 billion; Leyte (8th) with P13.54 billion; Palawan (9th) with P13.04 billion and Iloilo (10th) with P13.03 billion.