The Bureau of Customs (BOC) said Wednesday it exceeded its revenue target by P126.26 billion since the start of the Marcos administration.
The government’s second largest revenue-generating agency collected P1.73 trillion in the past two years, surpassing the P1.601-trillion goal by 8.07 percent.
President Ferdinand Marcos Jr. lauded the BOC’s efforts in optimizing revenue collection, facilitating trade and strengthening border security during his recent State of the Nation Address.
“The Philippine financial system remains robust and resilient. Tax and non-tax revenue collection has also become more efficient, in pace with our rejuvenated economy,” Marcos said.
The BOC said it confiscated P2.7 billion worth of smuggled agri-fisheries products, demonstrating its commitment in safeguarding the nation’s borders through modernized customs procedures and stringent enforcement efforts.
The President also expressed gratitude for the implementation of the e-Travel system.
He said the system simplified air transport by easing the travel process for passengers.
The BOC said it successfully fully implemented the e-Travel System at international airports.
