WHEN it comes to fiscal performance, the Cebu provincial government owns bragging rights as the richest province in the country with assets of P16.1 billion. A report released by the Commission on Audit (COA) showed that Cebu province tops the rest of the provinces with P1.62 billion in income, cash in banks amounting to P1 billion and total equity worth P15.5 billion. In contrast, Cebu City tops the country in total liabilities reaching P5.739 billion, weighed down by debt...
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