The Land Transportation Office (LTO) is on course to achieve its revenue collection target of PHP34 billion for 2025.
In a statement on Wednesday, LTO Chief Assistant Secretary Vigor Mendoza II reported that collated data from various regional offices indicated that they have already collected PHP19.74 billion in revenue.
Mendoza attributed the positive collection efforts to strategic measures implemented in line with President Ferdinand R. Marcos Jr.’s directive for efficient government operations.
“Tinaasan namin ang target dahil sa assessment namin ay kaya naman. Ang kailangan lang ay agresibo at maayos na mga pamamaraan para maabot ito dahil kapag malaki ang na-remit natin sa national government, malaking tulong din ito sa mga programa at proyekto para sa ating mga kababayang mahihirap (We increased our target because we assessed we can make it. We just needed an aggressive and proper implementation to reach it because if we remit a large sum to the national government, it would be a big help to programs and projects for the poor),” he stated.
As of now, Mendoza noted that almost all regions have collected more than half of their 2025 revenue target, with some regions exceeding 60 percent.
He expressed confidence that the remaining 42 percent of their target revenue, amounting to PHP14 billion, will be achieved before the end of 2025.
“This early, I would like to express my gratitude to all LTO personnel for all your efforts. Malaki-laki pa ang kailangang makolekta pero tiwala ako na kakayanin natin yan, gaya ng noong nakalipas na dalawang taon (We still have a lot to collect, but I trust we can do this, like what we have done these past two years),” Mendoza added.
The revenue collected by the LTO comes from various sources, including motor vehicle registration and renewal, driver’s license application and renewal, and other LTO-related transactions.