Tag: Income Classification
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106 Municipalities in Eastern Visayas Upgrade to Higher Income Classifications
In a significant development for Eastern Visayas, 106 out of 136 municipalities have been elevated to higher income classifications, according to the Department of Finance’s new guidelines. This upgrade was announced by Maria Rosaura Espejo, the head of the regional financial, monitoring, and evaluation unit of the Bureau of Local Government Finance, during a press…
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Northern Samar Upgraded to First-Class Province Amid Economic Growth
In a significant development for Northern Samar, the province has been elevated from a second-class to a first-class status in 2024, reflecting a robust improvement in its fiscal performance over the past three years. This upgrade was announced by Governor Edwin Ongchuan, who highlighted the progress in an undated photo shared by the provincial government.…
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Six Cordillera Provinces Elevate Their Economic Status
In a commendable stride towards economic progress, the Cordillera region’s provincial governments have been recognized for their upward mobility in income classification, effective January 2025. Edna Tabanda, co-chair of the Regional Development Council, praised the local officials for their efforts during a statement made on December 13, 2024, in Baguio City. The Department of Finance…
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