GenSan’s 2008 income puts it in the Billionaires Club! Economy grows 12.7%!
General Santos City’s economy is really on a roll!
In the 2008 Annual Audit Report released by the Commission on Audit of the financial operations of the local government units, General Santos City had a total income of P1,005,912,377.66!
This makes the Tuna Capital of the Philippines a certified member of the Billionaires Club!
This is also 12.7% increase from previous year’s (2007) income of P892,530,170.71!
Check out this comparative analysis between the incomes of 2007 and 2008 below…
"Comparative INCOME ANALYSIS of GenSan in 2007 and 2008"
Out of this 2008 total income of GenSan (which includes the IRA – Internal Revenue Allotment from the National Government), expenditures amounted to the following:
- Personal Services – ——————— ————– P 402,030,712.39
- Maintenance and Operating Expenses - P 391,552,510.80
TOTAL EXPENDITURES - P 793,583, 223.19
Deducted from the Total Income for 2008, this leaves the city with a Net Operating Income of P212,329,154.47 in 2008.
According to City Administrator Marcelino Dospueblos, a portion of this will go to paying off ongoing Capital Projects which are part of “continuing appropriations.“ The other portions will be subject for appropriations for the succeeding years.
NOTE: “Continuing Appropriations” is money devoted to Infrastructures and Capital Items which have not yet been completed or have not yet been started.
Congratulations to General Santos City for continuing to grow, glow and go!
Kudos to the local government under Mayor Jun Acharon for steering the wheel towards making the city truly a Magandang GenSan!
Related posts:
- 2008 Calendars of the Tuna Capital
- I joined the 2008 GenSan AIDS Candlelight Memorial Commemoration
- GenSan to give Hero’s Welcome & Cash Incentive for Pacquiao
- The Search is on for Ms. GenSan 2008
- 2008 Miss GenSan is Queen of Aliwan Festival 1st runner-up!
Bariles is Tagalog word for “Tuna”, the primary source of income of the people of General Santos City which hosts 6 of the Philippines’ 8 tuna canneries and more than 80% of its tuna processing plants.
anyabelle Says:
Wow! Congrats GenSan!
Posted on October 28th, 2009 at 5:17 PM
lito Says:
ibang level na talaga ang gensan!
Posted on October 28th, 2009 at 5:19 PM
Incognito Ainur Says:
Good news! Padayun sa pag-uswag Lungsod sa Heneral Santos!
.-= Incognito Ainur´s last blog ..What Really Matters In Life =-.
Posted on October 28th, 2009 at 5:50 PM
rrrrr Says:
YEAH, PADAYON PA DAPAT NI!
Posted on October 28th, 2009 at 6:08 PM
BrAvO SiX Says:
WHOOOOAAAAA!
pwede na ba ma-qualify as METROPOLITAN CITY ang Gensan?
Posted on October 28th, 2009 at 6:55 PM
GENSAN – General Santos City joins billionaires club « Online Clicker Says:
[...] October 28, 2009 webclickonline Leave a comment Go to comments Read it on Bariles Republic – Gensan’s Prime Webpage! Categories: GENSAN Tags: general santos, general santos [...]
Posted on October 29th, 2009 at 2:09 AM
gensanite Says:
galeeeng!!!
padayon, GenSan!!!
Posted on October 29th, 2009 at 6:13 AM
mORBanitoe Says:
Yes, wala kasi tayong mga bagyo at ibang kalamidad dito at syempre masipag ang mga tao dito. Sikad, GenSan, Sikad!
Posted on October 29th, 2009 at 6:20 AM
fahdingding Says:
Nice Kuya! Sa Wakas, napost mo rin 2! Congratulations ulit GENSAN…. Constant visitor din ako ng website ng coa (www.coa.gov.ph)…. : )
Pag maging urbanize pa ang Polomolok at Alabel…I think pwede na maging METRO ang GENSAN…Kasi Geographically speaking, “ang “METROPOLITAN AREA” refers to a large – scale functional entity, containing several urbanized areas, discontinuously build up (with no reference to political boundaries) but nonetheless operating as a coherent whole and integrated economic whole… ”
Dito sa SocSkSarGen, Merong GENSAN – Koronadal – Tacurong Cities… Between them are Polomolok and Tupi both 1st class municipalities, (the former aspiring to be a city sooner or later)…. Based sa definition, ang METRO area is not just composed of one city but a cluster of cities or at least a cluster of urbanized areas! thnx
Posted on October 29th, 2009 at 7:22 AM
fahdingding Says:
How I wish and dream GENSAN will become a METRO soon!
METRO GENSAN? METRO SOCSARGEN? or METRO DADIANGAS perhaps?
I prefer the latter….
Posted on October 29th, 2009 at 7:29 AM
fahdingding Says:
Expect sa 2009 Report mas tataas pa yang income ng GENSAN especially nandito na ang ROB at dami pang new investments pumapasok at papasok pa lang sa GENSAN… After so many years, ngayon ko lang talaga naramdaman na nag BOOM talaga ang GENSAN… Damang – dama ko talaga! AAAAAAAHHHHH….. LOL
Posted on October 29th, 2009 at 7:33 AM
Mindanao Bob Says:
Bariles – So, the GenSan News Online Mag is already generating a Billion per year! Wow! Congrats….
Oh, hold on… looks like it’s the City you are talking about!
Never mind!
.-= Mindanao Bob´s last blog ..E-Mail just doesn’t work anymore =-.
Posted on October 29th, 2009 at 7:57 AM
hecky Says:
It would be nice to learn if the city government translate increase income performance measurement into increase quality of life of the Generals, such as the reduction of street children, unemployment, prostitution, malnourish children, school drop-outs, etc.. etc.. etc…
Magandang GenSan!!!
.-= hecky´s last blog ..Soccsksargen Bloggers get-together at Robinsons Place in General Santos City =-.
Posted on October 29th, 2009 at 8:19 AM
fahdingding Says:
HAPPPY KA EH? HAPPY JUD KO!
Posted on October 29th, 2009 at 8:40 AM
orman Says:
i totally agree with hector’s observations. it’s a tall order but with the political will, anything is possible.
i’m a proud General. This is my city. I ? GENSAN.
.-= orman´s last blog ..Good-bye Chiz Escudero =-.
Posted on October 29th, 2009 at 8:44 AM
Ariel Marco T. Oclarit Says:
congrats, gensan! more social development projects dayon para mag-trickle down ang asenso, so everybody will be happy!… here’s to continuing progress!
.-= Ariel Marco T. Oclarit´s last blog ..MBS3: Changing Mindanao =-.
Posted on October 29th, 2009 at 9:24 AM
white knight Says:
Congrats to our city Gov’t for achieving another milestone but this figures would only mean so much to the generals if the quality of life will improve in the coming years.
Posted on October 29th, 2009 at 12:12 PM
lelen zab (cda) Says:
congratulations GenSan for making it to the Billionaire’s Club. strong people makes for strong growth and strong revenue! masaya ang lahat pag maraming trabaho
Posted on October 30th, 2009 at 10:02 AM
fahdingding Says:
GENSAN eh!
Posted on October 30th, 2009 at 3:31 PM
fahdingding Says:
GOGOGO!
Posted on November 2nd, 2009 at 7:16 AM
Sid de Ayala Says:
WITHOUT A DOUBT,GENERAL SANTOS CITY QUALIFIES TO BE A METROPOLITAN CITY, AS I RESEARCHED THE LATEST 10 (TEN) RANKERS OF METRO CITIES IN THE COUNTRY TODAY BY NEDA, GENSAN IS EVEN RICHER AND POPOULOUS THAN THOSE OF THE OTHER METROPOLITAN CITIES. GENSAN NAME INCLUDED IN THE BILLIONAIRES CLUB TODAY,ANDTOPPED AMONG POPULATED CITY IN THE COUNTRY ACCORDING TO THE NSO CENSUS OF 2007. MUCH MORE GENSAN IS THE TUNA CAPITAL OF THE WORLD, ALSO HOLD THE RECORD AS THREE TIME AWARDEE OF THE MOST COMPETITIVE MID SIZE CITY IN THE PHILIPPINES. THE GENERAL SANTOS INTERNATIONAL AIRPORT IS THE THIRD LARGEST AIRPORT IN THE PHILIPPINES AFTER MANILA AND CEBU, AND THE CITY’S FISHPORT COMPLEX PASSED THE STANDARD AMONG EUROPEAN ASSOC.. THE TOWNS WHICH BOUNDED THE CITY ARE FIRST CLASS MUNICIPALITIES. OTHERWISE, TO BE A METRO CITY, ONE SHOULD CONSIDERS A CLUSTER OF HIGHLY OR PARTIALLY URBANIZED CITIES OR TOWNS. IN THE CASE OF GENSAN, THIS CITY QUALFIES THE CRITERIA BECAUSE IT IS BOUNDED BY FIRST CLASS MUNICIPALITIES AND ONE (1) PARTIALLY URBANIZED CITY WHICH IS KORONADAL CITY ADDED WITH COMPONENT CITY OF TACURONG. LIKE OTHER METROPOLITAN CITIES IN THE COUNTRY A CLUSTER OF FIVE (5) TO 17 (SEVENTEEN) DIVISION COMPOSES ONE TO BE MTEROPOLITAN CITY. AND THAT THEN GENERAL SANTOS CITY IS READY FOR METROPOLITAN STATUS.
magandang gensan!
Posted on January 16th, 2010 at 8:01 PM
jake22 Says:
im from iligan i hope masustain ninyo income nyo especially na may bann ngayon sa pagkuha ng tuna sa west atsouth pacific, i read in the news na 1,500 workers ang malay off dahil nito only 5 of the 13 canning factories will operate this year, alam ko na ang tuna industry ang panghatak nyo sa mga investors paano na kung tuluyan na itong hihina dahil na rin sa overfishing ang ban for 2 years daw united nations na ang nagimplement para mapangalagaan ang mga tuna sa pfic ocean kaya ang sm wait and see muna sila dyan baka malugi sila kagay ng sm cagayn de oro na libre na amg mga tenants dahil nalulugi ang mall
Posted on January 22nd, 2010 at 5:56 PM