Cebu has retained its distinction as the country’s wealthiest province for the sixth consecutive year, with P203.9 billion in total assets based on the Commission on Audit (COA) report.
Gov. Gwendolyn Garcia, however, viewed the accolade not as much a celebration as an inspiration to construct more projects in the province that will improve the lives of the ordinary Cebuanos.
“Well, it’s a nice title but that’s far as it goes unless the people really feel the impact of being the richest province in the country,” Garcia said. “I will not bask in that glory because it presents an even heavier challenge to make each and every Cebuano realize that their lives are better because Cebu is the richest province.”
The governor said that they have to accomplish much in terms of infrastructure or projects that could be felt by the ordinary people, especially this time that the challenge to accomplish more projects is heavier due to pandemic.
Cebu has a total of P196.19 billion worth of properties and cash worth P7.7 billion for a total asset of P203.9 billion.
Batangas follows Cebu with 20.7 billion in total assets, then by Rizal (P20.2 billion), Davao De Oro (P20.09 billion), Bukidnon (P18.2 billion), and Surigao Del Norte (P16.6 billion).
Other contenders included to the top 10 richest provinces were Negros Occidental with P15.9 billion, Leyte (P13.5 billion), Palawan (P13.036 billion), and Iloilo (P13.034).