The Senate commended the "exceptional revenue collection performance" of the Bureau of Customs (BOC) and key government agencies, which saw government revenues rise 15% in the first half of 2024.
Senate Minority Leader Senator Aquilino "Koko" Pimentel III recognized government revenue collection agencies, including the Bureau of Internal Revenue (BIR) and the Department of Finance's (DOF) Corporate Affairs Group, at the second briefing session of the Senate Committee on Finance on the Proposed 2025 National Expenditure Program (NEP)
Finance secretary Ralph G. Recto reported that government collections for mid-2024 reached P2.15 trillion, marking a 15% growth from the P1.9 trillion collected during the same period in 2023. When Senator Pimentel inquired about which agencies should be credited for the achievement, Secretary Recto promptly acknowledged the efforts of the BOC, BIR, and DOF's Corporate Affairs Group.
The BOC alone contributed P455.518 billion to national revenue from collections between January and June 2024.
Senator Pimentel congratulated the BOC and BIR for their improved revenue collection, highlighting that these contributions have positively impacted and helped reduce the budget deficit.
Under commissioner Rubio's leadership, the BOC remains committed to increasing revenue collection, which is crucial for supporting social development and infrastructure projects.
Rubio stated, "The revenue we secure is instrumental in funding key initiatives that drive economic growth and improve public services. We will continue to prioritize efficiency and integrity in our operations to ensure that we meet and exceed our revenue goals for 2024."
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