The port of Davao exceeded its annual revenue collection target by 25% a dozen days to go before 2018 ends, beating its annual target for the seventh year in a row.
As of December 19, the Bureau of Customs (BOC) in a statement said Davao port has already collected P25.3 billion, higher than its P20.1-billion target for the year.
The collection is also around 54%, or P8.9 billion, higher than last year’s total collection of P16.4 billion. BOC said Davao port has been consistently hitting its annual target since 2012.
The commodities handled at the port that contributed the biggest revenues were mineral fuels and oils, iron and steel, and machinery and mechanical appliances and parts thereof.
“We are looking at around P5.5 billion in surplus by the end of 2018,” Davao port district collector Atty. Romalino Valdez said.
This year, Davao port also recorded two record-breaking collections. First was in February, when it took in a total of P2 billion, with 54.34% in surplus from that month’s target. The second was in June, for collecting a total of P2.4 billion, generating a 57.73% surplus.
Valdez credited the port’s achievement to the hard work and dedication of personnel at the port of Davao and its sub-ports, General Santos, Parang, and Mati.
“Hitting our collection target was also made possible through the help of the BOC stakeholders and the individual taxpayers. I would like to thank them for their contribution to the funding of the projects of the government,” Valdez said.
Aside from Davao, the ports Tacloban, Cebu and Zamboanga have also exceeded their annual revenue collection targets even before the end of the year.
For 2018 BOC has a revised target collection of P584.9 billion. The Department of Finance, BOC’s mother agency, approved the lowering of the annual target by P10 billion since the customs bureau’s fuel marking system has not yet been implemented.
BOC said the fuel marking system will be implemented by next year following the drafting of the implementing rules and regulations of the program and the awarding of contract for the winning joint venture.
For eight straight months from February to September 2018, BOC has reported revenues exceeding its monthly targets.
