Major ports fail to meet Customs target for July

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Major ports fail to meet Customs target for July

AFP

A month after a stellar performance, the Bureau of Customs' revenue takes a nose dive due to major ports' failure to meet targets

MANILA, Philippines – The Bureau of Customs (BOC)’s revenue collections in July fell short, a month after the agency registered above par performance.

The BOC registered an overall deficit of P5.23 billion ($113.26 million), with 10 ports failing to meet their collection targets.

The biggest shortfalls were posted by the Limay and Batangas oil ports, with each failing to collect more than P1 billion ($21 million).

According to BOC figures, Limay only collected P1.75 billion ($37.90 million which is less than half of its P3.64 billion ($78.84 million) target. Batangas collected of P6.42 billion ($139 million) against its P7.73 billion ($167 million) target.

Not a single port in Metro Manila was able to collect a surplus despite hitting all their targets in June.

The Manila International Container Port (MICP) had the biggest revenue deficit among Manila ports with P782.7 million ($17 million), while the Port of Manila (POM) and the Ninoy Aquino International Airport (NAIA) incurred shortfalls worth P666.8-million ($14 million) and P164.9 million ($3.57 million) respectively.

Other ports also suffered deficit. The Port of Subic’s collection of P1.40 billion ($30 million) is P70.4 million ($1.5 million) short of its P1.47 billion ($31.83 million) goal, while San Fernando’s revenues totaled P110.16 million ($2 million), about P96.9 million ($2 million) short of its P207.04-million ($4.5 million) target.

Tacloban, Surigao, and Appari also incurred collection shortfalls.

 

Exceeding targets

On the other hand, some collection districts outside Metro Manila were able to hit – if not exceed – their targets.

The Port of Cebu was able to exceed its target of P1.26 billion ($27.3 million) with a collection of P1.27 billion ($27.5). Iloilo, meanwhile, raised P184.99 million ($4 million) in revenues with a collection of P108.56 million ($2.3 million).

With P1.04 billion ($22.5 million) collection, Davao raised P181.1 million ($4 million) higher than its P861.38 million ($18 million) target.

The rest are Legaspi with P2.3 million ($49,000), Cagayan De Oro with P104.4 million ($2.26 million), Zamboanga with P39.4 million ($853,000), and Clark with P13.4 million ($290,200).

Under Commissioner Alberto Lina’s 5-month stint as head, the BOC was only able to meet its target in June, when the bureau registered P32.1 billion ($695 million) in revenue – almost P1.8 billion ($38.98 million) higher than its target.  – Rappler.com

*$1=P46.15

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