It had been announced that based on the 2012 Financial Report of the Local Government Unit (LGU) of Malay, the town’s financial status is “Very Good.”
This is despite the existence of a plan by the LGU of Malay to apply for a loan to repay the balance to the contractor which made the Municipal Land Fill.
In the report of Town Council Member Rowen Aguirre to his fellow Councilmen during the Council’s regular session on Tuesday, April 02, he said that the status of Malay is very healthy based on the Malay Municipal Accountant if financial status is the topic.
Allegedly, in the closing of the year 2012, Malay had excess funds of P196Million.
In addition, according to the Financial Report of the LGU of Malay, the whole asset of Malay increased by more than twenty four (24%) percent in 2012 if compared with 2011.
In 2011, the town’s asset was at P329 Million, but it increased before the end of 2012 and reached P408.4 Million.