The COA said Cebu province has a total of P215.27 billion worth of assets.
Cebu was followed by the provinces of Rizal (P30.637 billion), Batangas (P29.705 billion), Davao de Oro (P23.211 billion), Bukidnon (P19.455 billion), Negros Occidental (P10.025 billion), Ilocos Sur (P17.907 billion), Iloilo (P17.399 billion), Isabela (P16.419 billion) and Palawan (P16.108 billion).
Cebu is also the fifth among the provinces with highest total revenue for 2021, which is at P5.12 billion.
The cities of Cebu and Mandaue landed on the sixth and seventh place, respectively, in the top 10 cities with highest total assets during the said year.
Cebu City has a total of P33.343 billion worth of assets, while Mandaue has P33.006 billion.
The wealthiest city based on the same report was Quezon in the National Capital Region (NCR) with a total asset of P451.007 billion, followed by Makati with P238.561 billion, Manila P65.252 billion, Pasig City P51.176 billion and Taguig P36.116 billion.
Also included in the list were Mandaluyong with P31.44 billion worth of assets, Davao City P26.555 billion and Caloocan P23.383 billion.
In terms of municipalities, areas in the top 10 with highest assets were:
* Carmona, Cavite: P6.211 billion
* Limay, Bataan: P4.794 billion
* Silang, Cavite: P3.738 billion
* Cainta, Rizal: P3.393 billion
* Taytay, Rizal: P3.274 billion
* Binangonan, Rizal: P3.141 billion
* Caluya, Antique: P3.11 billion
* Sta. Maria, Ilocos Sur: P3.044 billion
* Cabugao, Ilocos Sur: P2.966 billion
* Rodriguez, Rizal: P2.915 billion
(SunStar Philippines)