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Key collection districts fail to meet revenue goals

MOST of the country’s key ports fell short of their collection targets in August, leading to a 33% dip in the Bureau of Customs (BOC) revenue goal for that month.

For August, the BOC took in P17.84 billion compared to its P26.71-billion goal.

For January to August, the bureau was P4.54 billion short of its P176.94-billion target.

The Manila International Container Port (MICP) collected P5.09 billion versus its target of P6.19 billion in August; the Port of Manila (POM), P3.75 billion against P4.9 billion; and the Port of Limay, P1.53 billion against P2.94 billion.

The ports of Batangas and Ninoy Aquino International Airport (NAIA) took in P4.42 billion and P1.4 billion compared to their targets of P5.31 billion and P1.64 billion, respectively.

MICP, POM, Limay, Batangas and NAIA are sometimes called the country’s billionaire ports for their ability to generate billions of pesos in taxes and duties each month.

Meanwhile, the ports of Cebu, Cagayan de Oro, Davao, Subic and Clark also incurred deficits of P190 million, P194 million, P26 million, P95 million and P16 million, respectively.

Only Legazpi port posted a surplus of P1.9 million based on its target of P6.3 million.

BOC’s collection goal for 2010 is P280 billion.


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