LAOAG CITY IS ONE OF THE RICHEST CITIES IN THE PHILIPPINES

NEWSFLASH: According to the Commission on Audit’s 2022 annual financial report, Laoag City has secured an esteemed position as one of the wealthiest cities in the Philippines. In the year 2022, Laoag City proudly claimed the 13th spot on the list, showcasing its economic prowess and financial stability. Based on the aforementioned report, Laoag City boasted a substantial amount of assets, with a staggering value of 20.97 billion pesos.

This impressive figure reflects the city’s robust economy, strategic financial management, and thriving business sectors. Laoag City’s remarkable growth and development have contributed significantly to its rise in wealth and prosperity. Such a significant achievement is a testament to the diligent efforts and prudent fiscal practices employed by the local government of Laoag City. The efficient utilization of resources, sound financial planning, and effective governance have played pivotal roles in the city’s economic success.

The recognition bestowed upon Laoag City serves as a source of pride for its residents and a testament to their hard work and dedication. It also highlights the city’s commitment to progress, as it continues to attract investments, foster economic growth, and enhance the quality of life for its citizens.

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