Thursday, July 6, 2017

DOTr Remits PHP25.78-B Income to Treasury

Wazzup Pilipinas!

Revenue-generating agencies and offices under the Department of Transportation (DOTr) have remitted a total of PHP25.78 billion to the National Treasury in 2016.

The Land Transportation Office (LTO) makes up the bulk of remittances with PHP21.35-billion for 2016. It is followed by the: Maritime Industry Authority (PHP1.12-billion), Toll Regulatory Board (PHP934-million), Office of Transport Security (PHP831-million), and the Land Transportation Franchising and Regulatory Board (PHP689-million).

Income from all agencies has been transmitted to the Bureau of Treasury in full.

Remittances for the first quarter of 2017 amounting to PHP7.095-billion have also been turned over to government coffers. The LTO has so far contributed PHP5.76-Billion this year, followed by MARINA and OTS with PHP294-million each.

“The DOTr has one of the biggest appropriations and we have some of the most ambitious projects. But, what others do not know is that we are also contributing to the government in every way we can,” said Transportation Sectretary Arthur Tugade. “Pinaaayos ko ang koleksyon ng walang walang bahid ng korapsyon upang makapag-ambag kami ng tama at nararapat sa gobyerno,” he added.

Apart from this, three Government-Owned and Controlled Corporations (GOCCs) under the DOTr were also among the top state-owned companies with the highest dividends remitted to the Treasury.

The Manila International Airport Authority remitted PHP2.26 billion, Civil Aviation Authority of the Philippines remitted PHP1.98 billion, and the Philippine Ports Authority remitted PHP1.95 billion worth of dividends for a total of P6.2-billion, almost half of the total PHP14.02-billion transmitted by GOCCs in May.

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