Quezon City claims debt-free status under Mayor Belmonte

Belmonte, who has served as Quezon City's chief executive since 2019, used her address to highlight the local government's financial achievements in her eighth year in office. She emphasized that the city has maintained no outstanding debt obligations, positioning it as evidence of prudent financial stewardship.

The mayor attributed the debt-free status to consistent efforts to strengthen the city's fiscal position since assuming office nearly five years ago. Her administration has focused on revenue generation and prudent spending practices to maintain the city's financial health.

Quezon City, as the Philippines' largest city by population and a major commercial and industrial center, manages a substantial municipal budget. The claim of debt-free operations underscores the local government's ability to fund city operations and development projects through its revenue streams without incurring significant liabilities.

Belmonte's pronouncement during the State of the City Address signals the administration's commitment to fiscal responsibility as it navigates the demands of managing Metro Manila's largest city and its growing population.