Four out of five top revenue districts of the Philippine Bureau of Customs (BOC) failed to meet their collection targets for October, with the Port of Manila (POM) posting the biggest deficit.
POM was followed by Manila International Container Port (MICP), Ninoy Aquino International Airport (NAIA), and Batangas.
The four ports also fell short of their collection targets for the period covering January to October.
POM posted an October collection deficit of 23.87%, bringing in P4.860 billion versus its target of P6.384 billion. For the ten-month period, it registered a shortfall of 22.8% to P47.716 billion against its P61.809-billion goal.
MICP saw the second biggest collection shortfall for October with a deficit of 14.37% when it took in P6.892 billion compared to the target of P8.049 billion. For January to October, MICP booked a 21.24% shortfall, collecting P61.369 billion versus the target of P77.928 billion.
The country’s main international airport NAIA fell short of its October goal of P2.314 billion by 6.09% with revenues of P2.173 billion. For the ten-month period, NAIA showed a 16.58% deficit with P18.685 billion against the target of P22.400 billion.
Batangas, the country’s biggest oil port, reflected the smallest deficit among the four big ports. It took in P6.117 billion in October or 2.70% below the target of P6.287 billion and 12.56% below the January-to-October goal of P60.867 billion.
The oil port of Limay in Bataan was the only one among the five biggest BOC revenue districts that hit its target for both October and the ten-month period. The port raked in P3.811 billion in October or 19.31% more than its target of PP3.194 billion. For the first ten months of the year, it registered a surplus of 3.10% when revenue reached P31.880 billion vis-à-vis the target of P30.920 billion.
Other collection districts that missed their October target include the Office of the Commissioner, missing its cue by 100% when it failed to collect a single centavo from the tax expenditure fund or imports from government agencies; Legazpi by 98.3%; San Fernando, 67%; Surigao, 52.4%; and Zamboanga, 20.5%.
On the other hand, ports that posted surplus collections include Tacloban by 333.4%; Iloilo, 163.9%; Clark, 40.7%; Davao, 19.2%; Cagayan de Oro, 13.1%; Subic, 9.1%; Cebu, 5.9%; and Aparri, 1.2%.
The BOC is tasked to collect P347 billion this year.
Image courtesy of worradmu / FreeDigitalPhotos.net
