Revenue collections by the Bureau of Customs (BOC) continued to grow at double-digit levels even as the price of imported petroleum products tempered in November. From January to November 2014, the Bureau collected P P331.171-Billion, up 17.8% year-on-year.
For November 2014 alone, total revenues reached P31.224-Billion, up 10.5% over the same month last year, on the back of improvements in valuation and assessment. During the month, the volume of imported goods grew 26.3%, as consumer demand peaked for the yuletide season. However, the price of imported petroleum products, which accounts for about one-fourth of the Bureau’s revenues, dropped. The value of motor vehicles imports, which comprises about 16% of total revenues, likewise declined as consumers shifted preference to compact, fuel-efficient sedans.
The ports of Batangas, Iloilo, Cebu, Cagayan de Oro, Davao, Subic and Aparri have exceeded their collection target for the period.
For December 2014, the BOC is programmed to collect P31.984 billion by the Development Budget Coordination Committee. For the full year, the Bureau has a collection goal of P408.1-Billion.
November 2014 Collection Performance (In Billion Pesos)
Table 1
|
|
2014 ACTUAL |
2013 ACTUAL |
2014 GOAL |
2014 GOAL
VS 2014 ACTUAL |
2014 ACTUAL
VS 2013 ACTUAL |
||
|
AMOUNT |
% |
AMOUNT |
% |
||||
|
TOTAL COLLECTION |
31.224 |
28.254 |
37.328 |
-6.104 |
-16.4% |
2.970 |
10.5% |
|
CASH COLLECTION |
31.224 |
28.254 |
35.529 |
-4.305 |
-12.1% |
2.970 |
10.5% |
|
TAX EXPENDITURE FUND |
.000 |
.000 |
1.799 |
-1.799 |
-100.0% |
.000
|
0%
|
Note: Data is based on Bureau of the Treasury Remittance
January-November 2014 Collection Performance (In Billion Pesos)
Table 2
|
MONTHS
|
2014 ACTUAL |
2013 ACTUAL |
2014 GOAL |
2014 GOAL
VS 2014 ACTUAL |
2014 ACTUAL
VS 2013 ACTUAL |
||
|
AMOUNT |
% |
AMOUNT |
% |
||||
|
JANUARY |
29.772 |
24.540 |
31.307
|
-1.535
|
-4.9%
|
5.233 |
21.3% |
|
FEBRUARY |
27.416
|
22.471
|
30.184
|
-2.768
|
-9.2%
|
4.945
|
22.0% |
|
MARCH |
29.313
|
21.805
|
33.286
|
-3.973
|
-11.9%
|
7,507
|
34.4% |
|
APRIL |
30.764
|
27.137
|
35.793
|
-5.028
|
-14.0%
|
3.627
|
13.4% |
|
MAY |
28.808
|
25.926
|
35.087
|
-6.278
|
-17.9%
|
2.883
|
11.1%
|
|
JUNE |
27.327
|
23.253
|
33.292
|
-5.965
|
-17.9%
|
4.074
|
17.5%
|
|
JULY |
30.460
|
27.953
|
35.006
|
-4.547
|
-13.0%
|
2.507
|
9.6% |
|
AUGUST |
29.061
|
26.086
|
33.459
|
-4.398
|
-13.1%
|
2.975
|
11.4%
|
|
SEPTEMBER |
32.866
|
25.842
|
34.560
|
-1.694
|
-4.9%
|
7.024
|
27.2%
|
|
OCTOBER |
34.160
|
27.863
|
36.810
|
-2.650
|
-7.2%
|
6.297
|
22.6%
|
|
NOVEMBER |
31.224
|
28.254
|
37.328
|
-6.104
|
-16.4%
|
2.970
|
10.5%
|
|
TOTAL |
331.171
|
281.130
|
376.112
|
-44.941
|
-11.9%
|
50.042
|
17.8% |
Note: Jan-October Actual Collection is based on Bureau of the Treasury Remittance
Revenue collections of the Bureau of Customs:
|
|
NOVEMBER (In Pesos) |
JANUARY TO NOVEMBER (In Pesos) |
||||
|
|
Actual 2014 |
Actual 2013 |
2014 Goal |
Actual 2014 |
Actual 2013 |
2014 Goal |
|
TOTAL BOC |
31.10-B | 28.17-B | 37.33-B | 328.96-B | 281.17-B | 376.11-B |
|
San Fernando |
208.2-M | 56.2-M | 241.5-M | 1.98-B | 1.44-B | 2.44-B |
|
Batangas |
7.54-B | 6.70-B | 6.79-B | 74.13-B | 58.57-B | 69.08-B |
|
Legaspi |
12.0-M | 21.1-M | 26.3-M | 117.0-M | 140.0-M | 270.1-M |
|
Subic |
1.64-B | 999.8-M | 770.5-M | 14.12-B | 10.14-B | 7.92-B |
|
Clark |
106.8-M | 77.5-M | 142.5-M | 866.6-M | 1.40-B | 1.46-B |
|
Aparri |
0.0-M | 372.6-M | 28.6-M | 904.1-M | 467.0-M | 294.5-M |
|
Limay |
2.58-B | 3.20-B | 3.56-B | 35.30-B | 34.18-B | 39.02-B |
|
Port of Manila |
4.84-B | 4.88-B | 7.69-B | 58.87-B | 52.58-B | 79.04-B |
|
Manila International Container Port |
8.68-B | 7.37-B | 10.42-B | 89.95-B | 74.64-B | 107.12-B |
|
Ninoy Aquino International Airport |
2.69-B | 2.27-B | 3.21-B | 26.18-B | 22.69-B | 32.97-B |
|
Iloilo |
228.7-M | 154.4-M | 76.0-M | 1.47-B | 1.11-B | 780.8-M |
|
Cebu |
1.11-B | 916.1-M | 1.12-B | 11.97-B | 9.28-B | 11.56-B |
|
Tacloban |
26.1-M | .9-M | 32.0-M | 162.1-M | 216.0-M | 328.8-M |
