MANILA: Despite an increase in revenue collection, the Bureau of Customs (BOC) has been consistent in missing its annual target. BOC data show that the revenue-generating agency failed to attain its P436-billion ($9.24 billion) revenue goal in 2015 after it only collected P366 billion ($7.76 billion) – a shortfall of P70.56 billion ($1.45 billion) for the year.
Last year’s deficit was the 5th time in a row that the BOC missed its target. The BOC’s collection report also showed that 11 of the country’s 17 ports missed their targets. The oil ports of Batangas and Limay posted the highest collection shortage during the period.
