Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
P310B assets, P6B cash
The Freeman
|May 22, 2025
The Cebu Provincial Government, led by outgoing Governor Gwendolyn Garcia, reported P310 billion in assets and P6.015 billion in cash on hand ahead of the leadership turnover to Governorelect Pamela Baricuatro.
Governor Garcia personally shared the figures during a meeting held on Tuesday, May 20, 2025, with the newly elected, reelected, and outgoing members of the Cebu Provincial Board.
The provincial government has reported at strong financial position, with total current account balances amounting to P6,015,634,995.24. This figure reflects the combined resources across five key funds maintained by the province.
The General Fund, which serves as the main operating fund for government services, holds P2,791,562,720.47.
The Special Education Fund, dedicated to supporting educational programs and infrastructure, contains P1,137,794,988.28. The Trust Fund, often allocated for specific and legally mandated projects, has a substantial P1,889,774,978.65.
Additionally, the Settlement Account-typically used for resolving financial obligations or special transactions-holds P195,502,307.84. The Easy Account, possibly a simplified or auxiliary account, contains P1,000,000.
This story is from the May 22, 2025 edition of The Freeman.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Freeman
The Freeman
WTC Manila bets on MICE growth in 2026
World Trade Center Metro Manila (WTCMM) expects robust demand next year as the Philippines rises as a meetings, incentives, conventions, and exhibitions (MICE) destination, its chief executive officer (CEO) said.
1 mins
January 01, 2026
The Freeman
'2026 looks even brighter for Philippines sports'
The Philippine Olympic Committee (POC) family couldn't ask for more from Filipino athletes in 2025 and the coming new year, according to president Abraham \"Bambol\" Tolentino, looks even brighter.
1 min
January 01, 2026
The Freeman
FOR 2026 Archival: CCMC completion, on top of his admin's agenda
Cebu City Mayor Nestor Archival has placed the Cebu City Medical Center (CCMC) at the forefront of his administration's agenda for 2026, promising to finally complete the long delayed project after years of setbacks and ballooning costs.
1 mins
January 01, 2026
The Freeman
SSS eyes expansion with new loan products, wider coverage
State-owned insurer, Social Security System (SSS) is entering 2026 with an expansionary agenda, seeking to deepen coverage, roll out new lending products and strengthen frontline services after a year marked by pension reforms, digital upgrades and emergency support programs.
2 mins
January 01, 2026
The Freeman
Danao refuses DPWH projects
Mayor Ramon “Nito” Durano has refused to issue permits for several projects the Department of Public Works and Highways (DPWH) has proposed for Danao City in 2026, citing concerns over the re-concreting of roads that remain in good and serviceable condition.
3 mins
January 01, 2026
The Freeman
City rolls out road asphalting program
Rocky and muddy roads that have long been left unattended across Cebu City will finally be paved, as Mayor Nestor Archival confirmed that the city’s asphalting program will go full blast from January until June 30, 2026.
1 mins
January 01, 2026
The Freeman
Happy God-blessed New Year to us all!
May all of us start, move on confidently through this new year just as we have always done for the past years: to always believe and never forget that we are all loved, unconditionally, by God, now and forever!
2 mins
January 01, 2026
The Freeman
Barili's early fireworks show
Last Sunday night, residents of Sitio Estaca, Barangay Minolos in Barili town were treated to what looked like a fireworks display ahead of New Year's Eve.
1 mins
January 01, 2026
The Freeman
Cebu-based bakery group goes premium with Dutch partner
The company behind San Jose Bakeshop is moving upmarket, betting that Cebu consumers are increasingly willing to pay for better bread.
1 mins
January 01, 2026
The Freeman
PB approves Capitol office for international affairs
A dedicated office to handle international and local sisterhood partnerships of the Cebu rovincial government will be established following the approval of the ordinance, which formalizes the province’s growing engagements with both foreign and domestic partners.
1 min
January 01, 2026
Listen
Translate
Change font size