Strong Financials in Cebu City, according to Garcia
Looking at Cebu City's financial picture, outgoing Mayor Raymond Alvin Garcia and newly-elected Mayor Nestor Archival stake out different positions.
Outgoing Mayor's Optimistic Take:
- Monetary Might: Garcia points out that the City Government's coffers hold over P6 billion in locally-generated revenue, making it the most prosperous local government in the Central Visayas region.
- Effective Governance: He stresses the importance of good financial management in laying the foundation for successful city administration, allocating resources to essential services like infrastructure.
- Public Accolades: Cebu City has been praised by the Bureau of Local Government Finance (BLGF) for its excellent revenue collection, a recognition that Garcia sees as an acknowledgement of his administration's financial competence.
Mayor-elect's Cautious Approach:
- Fiscal Anxiety: Nestor Archival expresses worries that the City's balance may be insufficient, posing challenges to the operational capacity, personnel compensation, and fulfillment of obligations.
- Financial Audit: He prioritizes conducting a thorough analysis of the City's financial health to gain an accurate understanding of the fiscal position and facilitate sustained operations.
In essence, while Garcia underscores the City's financial strength and accomplishments, Archival flags potential financial issues and plans to carry out a comprehensive evaluation of the city's financial state.
Garcia, the outgoing Mayor, emphasizes that Cebu City has over P6 billion in locally-generated revenue, placing it as the most prosperous local government in the Central Visayas region, highlighting the effectiveness of its financial management. In contrast, Archival, the newly-elected Mayor, expresses concerns about the City's balance, indicating potential challenges in operational capacity, personnel compensation, and fulfilling obligations, and plans to conduct a thorough financial audit of Cebu City's finances.
