Cebu is the richest province in the Philippines according to Commission on Audit’s 2015 Annual Report for Local Government Units which was transmitted to President Rodrigo Duterte on September 28, 2016. With a net worth of P28.53 Billion, it ranks 1st among 81 provinces in the Philippines.
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Among the provinces, Cebu ranks first and among the cities Cebu City ranks fourth. The governor of Cebu, Gov. Hilario Davide III said that they have save billions of pesos because of the efficient tax collection and sends only the money in necessary projects.
Cebu had P30.33 Billion in assets and P1.8 Billion in liabilities and as a result, a net worth of P28.53 Billion.
The tall buildings, infrastructures and jobs in Cebu are visible proofs of it’s riches.
Here is the list of the Top 10 Richest Provinces in the Philippines
| Rank | Province | Net Worth |
|---|---|---|
| 1 | Cebu | P28.53 Billion |
| 2 | Rizal | P8.11 Billion |
| 3 | Negros Occidental | P5.6 Billion |
| 4 | Laguna | P5 Billion |
| 5 | Negros Oriental | P4.6 Billion |
| 6 | Pangasinan | P4.76 Billion |
| 7 | Cavite | P4.59 Billion |
| 8 | Batangas | P4.5 Billion |
| 9 | Leyte | P4.45 Billion |
| 10 | Pampanga | P4.24 Billion |
Cebu is a very progressive province and also one of the most popular travel destinations in the Philippines. Please spread the good news by sharing this post.
