BOC hiked collection hailed
THE Bureau of Customs (BCC) got praise from a House leader for exceeding its target revenue for the first quarter of 2023 with a surplus of P16.6 billion.
Ako Bicol Representative Zaldy Co, chairman of the House Committee on Appropriations, said the BOC’s strong collection performance in the first quarter of 2023 is a portent of good things to come not only for Commissioner Bienvenido Rubio, but the entire Marcos administration as well.
“I congratulate the BOC and it’s new leader Commissioner Rubio for exceeding its revenue target for the first three months of 2023. His performance is impressive and bodes well for the administration,” Co said in a statement.
On Monday, it was reported that the BOC raked in a revenue surplus of P16.6 billion.
This, after the agency collected a total of P213.6 billion for the period January to March.
According to the report of the BOC, this is 8.43 percent higher than its revenue target of P197 billion for the quarter. Revenue collection for March 2023 alone was P80 billion, exceeding its target of P72.3 billion by P7.8 billion or 10.86 percent.
“These extra revenues will go a long way in funding the various programs of President Ferdinand ‘Bongbong’ Marcos Jr. As chairman of the House appropriations panel, nothing is more reassuring than knowing that the programs and projects we are allocating money for can actually be funded,” Co stressed.
He said the additional government revenue would ultimately be felt by Filipinos in the form of various social services and subsidies that the administration drew up to cope with the lingering effects of Covid-19 and high inflation rate.
Co noted that the Marcos administration’s 8-Point Socioeconomic Agenda covers food security, improved transportation, affordable and clean energy, health care, education, social services, sound fiscal management, and bureaucratic efficiency.
