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BoC posts 12% surplus in collection

  • Written by Paul Gutierrez
  • Published in Top Stories
  • Read: 286

THE Bureau of Customs (BoC) under Commissioner  Nicanor Faeldon has started to recover in its collection effort, posting a 12 percent surplus last month.    The Financial Service (FS), said the bureau collected P40.239 billion, up by some P4 billion from its November collection target of P36.450 billion.

The figure is also 27 percent higher than the P29.061 billion actual collection compared to the same period last year.

The Bureau of Customs (BoC) has surpassed its collection target for this month of November  by 12%.

“In our outlook assessment report, the current collection record has exhibited a better leadership performance in the past five months in 2016, covering the period July to November,” the FS said.

In July, Faeldon’s first month in office, the BoC registered its worst collection deficit, a staggering P13 billion.
The shortfall even eclipsed the P11 billion collection deficit for October 2015, the bureau’s worst performance at the time, under then Comm. Alberto Lina.
The FS said that the Manila International Container Port (MICP) under district collector, Vincent Philip Maronilla, topped the month’s revenue performers with a surplus collection of more than P1 billion.
Maronilla’s chief of staff, lawyer Danilo Ballena, attributed the district’s performance to the increase in the volume of imports with the approach of the holiday season.
“We are targeting to improve more on our revenue collection performance to support Comm.  Faeldon’s revenue collection efforts,” Ballena said.
Faeldon said his “constant consultation” with the country’s 11,000 importers, the general public, and the social are also behind the bureau’s improved revenue collection performance.
He also commended the various collection districts “for their selfless efforts in improving their revenue collections that are usually translated into improved lives and services for the 95 million Fi­lipinos.”