Editing Gingoog (section)

== Economy ==
[[File:Gingoog street scene 03.jpg|thumb|Downtown Gingoog]]
{{PH poverty incidence}}
The city's total income during year 2000 reached {{Philippine peso|296,731.65}}, of which 292,077.262.40 or 98.43% accrued in the general fund while {{Philippine peso|4,653,809.25}} or 1.5% accrued in the special education fund. Comparatively, the 1999 income level of {{Philippine peso|250.64}} million has increased by {{Philippine peso|46.09}} million or 18.39%. The biggest bulk of the city's income was derived from tax revenues complementing around 95.5% of the total earnings of the year. One major component of this income class is the Internal Revenue Allotment (IRA) which contributed a total amount of {{Philippine peso|259.69}} million or 93.04%. Said IRA has increased by {{Philippine peso|37.43}} million or 16.83% against that of 1999. Local revenue contributed only 10.04% of the city's total annual income.

Total expenditure incurred by the city for the whole year reached to about {{Philippine peso|243.54}} million, of which {{Philippine peso|239.66}} million was spent from the general fund and {{Philippine peso|3.88}} million was spent from the special education Fund. Comparatively, an increase of about {{Philippine peso|9.76}} million or 4.17% over 1999.

By expense class, personal services absorbed as much as {{Philippine peso|161.74}} million or 66.41%. That includes the services of the devolved employees, newly created positions as mandated by R.A. 7160 and project engaged workers. Maintenance and other operating expenses followed with {{Philippine peso|45.35}} million, or 18.62%, then capital outlay with {{Philippine peso|36.46}} million, or 14.97%.
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