A claim on Facebook that Davao City, under the leadership of outgoing Mayor Sara Duterte, is the seventh richest city in the country is false.

Davao City is not the seventh but the eighth richest city in the Philippines with a total asset of P23.664 billion, based on the Annual Financial Report released by the Commission on Audit (COA) on 22 December 2021. The seventh richest city is Taguig with a total asset of P30.682 billion https://coa.gov.ph/component/phocadownload/category/9425-2020

Duterte is running for vice president in the 2022 elections. She is the running mate of former Senator Ferdinand “Bongbong” Marcos, Jr.

Read the full story on MindaNews.

Based on net assets, Davao City is not the richest city in Mindanao

MindaNews is the news service arm of the Mindanao Institute of Journalism. It is composed of independent, professional journalists who believe and practice people empowerment through media.