Poverty incidence of Palauig Source: Philippine Statistics Authority[12][13][14][15][16][17][18][19] At present, Palauig is headed by Mayor Billy M. Aceron [1], with the Municipal Council called Sangguniang Bayan with 8 members, particularly 7 regular Councilors and the Association of Barangay Captains (ABC) President Bel Ponce Altares.

Palauig is home to the mountain climbing resort of Mount Tapulao.

Because of cold climate on its summit similar to Baguio, it has become an attraction to many local and foreign mountaineering groups and tourists.

The Municipal Tourism Authority of the Palauig Municipal Government also promotes the Magalawa Island Resort and Famous Beach Resorts along the coastal Barangay of Locloc.

Due to the municipal government's aggressive tourism campaign, local and foreign tourist arrivals in the municipality is on the rise and bringing Palauig as another Tourist destination in Zambales Province.