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Philippine Standard Time:
22 May 2024, 16:35 PM

BOC Reports Strong Collection Performance for Q1 2023, Exceeds Target by P16.6 Billion

April 3, 2023

The Bureau of Customs (BOC) has reported a strong collection performance for the first quarter of 2023, exceeding its revenue target by P16.6 billion or 8.43%. The BOC collected a total of P213.619 billion for the period of January to March, compared to the revenue target of P197.020 billion for the same period.

The BOC’s collection for March 2023 alone was P80.133 billion, exceeding its target of P72.282 billion by P7.851 billion or 10.86%.

Commissioner Bienvenido Y. Rubio attributed the strong collection performance to the BOC’s 5-point priority programs, which focus on digitalizing Customs processes, simplifying procedures, curbing smuggling in all forms, and uplifting employee welfare and development. “Our positive collection performance for the first quarter of 2023 is a testament to the hard work and dedication of our men and women at the Bureau. We will continue to implement our priority programs and introduce new initiatives to sustain this positive momentum,” said Rubio.

The BOC’s collection performance for the first quarter of 2023 is a significant improvement from the same period last year, exceeding the P188.557 billion collection in 2022 by P25.062 billion or 13.29%.

“I am proud of the hard work and dedication of the men and women of the Bureau of Customs,” the Commissioner said in a statement. “This achievement is a testament to our collective effort to improve our revenue collection and promote good governance,” he added.

The BOC’s strong performance in the first quarter of the year is encouraging for the country’s economic recovery. It demonstrates that the government’s efforts to improve revenue collection and promote good governance are yielding positive results. The BOC’s consistent improved performance bodes well for the government’s revenue targets and commitment to promoting economic growth and development.

“We will continue to work hard and strive for excellence as we aim to become one of the world’s best Customs administrations,” said Rubio.#

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