The Bureau of Customs said over the weekend it exceeded its August 2023 collection target through efficient operations, enhanced trade activities and robust revenue collection measures.
It said in a statement it collected P75.642 billion in August, surpassing the P72.275-billion target of the interagency Development Budget Coordinating Committee by 4.7 percent or P3.367 billion.
This brought the agency’s total collection in the first eight months to P582.133 billion, also exceeding the target of P567.740 billion by 2.54 percent or equivalent to P14.393 billion. It was also 4.24 percent higher than the collection of P558.455 billion in the same period last year.
Customs Commissioner Bienvenido Rubio commended the dedicated men and women of the bureau for their exceptional performance, which are instrumental in achieving the revenue milestone.
Rubio said the Customs’ performance above revenue targets demonstrated its commitment to fiscal responsibility and its role in contributing to economic growth and stability.
