LINGAYEN, Pangasinan – The Province of Pangasinan has been recognized by the Bureau of Local Government Finance (BLGF), under the Department of Finance, for its outstanding performance in fiscal management for the year 2024. As stated in the BLGF Memorandum Circular No. 017-2025, dated October 1, 2025, Pangasinan ranked 7th in Locally Sourced Revenues (LSR) nationwide and 10th in Year-on-Year Growth in LSR from 2023 to 2024 among the provinces across the country.
A testament of Pangasinan’s commitment to good governance, the achievement reflects the province’s commitment to sound financial leadership backed by efficient revenue generation and continuous improvement in local governance. LSR includes real property tax, business and other taxes, fees, as well as local economic enterprise revenues.
Since July 2022, Governor Ramon V. Guico III’s administration has implemented policies and programs that promote responsible financial management. The 11-year-old Revenue Code of the province has been amended by the provincial board, resulting in increased mineral extraction fees, resulting in an unprecedented increase in revenue collection.
On various occasions, Governor Guico has emphasized that all recognitions received by the province are a result of the collective efforts of the provincial government, local officials, and employees who work tirelessly to ensure that targets and goals for financial stability and growth are met and surpassed. Pangasinan’s ranking in LSR (Locally Sourced Revenues) and year-on-year growth demonstrates its ability to generate and manage its own resources effectively.
The BLGF’s recognition of Pangasinan’s fiscal management aptly testifies to the province’s commitment to transparency, accountability, and good governance. Last year, the province incurred a record-breaking revenue collection of P6.6 billion. Gross collection from quarry products (sand, gravel, and other quarry products) has totalled P235,575,494.26.
Provincial government-run hospitals, on the other hand, generated a record of P546.14 million in hospital fees, surpassing the P400 million target. The utilization of automated digital apps to modernize and boost the collection of revenues from mining and quarry operators has contributed to the unprecedented collection growth.
(Ruby F. Rayat|PIMRO)
