The Land Transportation Office (LTO) said it collected P25.4 billion in revenues from January to September this year, putting the agency on track to achieve a record P34 billion collection target in 2025.
LTO assistant secretary Vigor Mendoza II said the agency’s revenue of P25,469,343,321.16 as of Sept. 30 represented about 75 percent of the ambitious 2025 target he set after implementing policy reforms.
“With this collection rate, we are on the right track of achieving the revenue collection target for 2025, which will be the highest in LTO history,” Mendoza said. He said the feat “is a vindication of what we fought for last year.”
The LTO’s Central Office in Quezon City has already surpassed its 2025 collection goal of P906 million, reaching P1.4 billion as of Sept. 30.
Mendoza expressed confidence that all regional offices would meet their respective targets in the remaining three months of the year.
The money collected is used for various government services and programs under President Ferdinand Marcos, Jr.’s Bagong Pilipinas initiative.
Mendoza lauded the LTO personnel for believing in him when he introduced policy directions to put the agency’s fiscal house in order after assuming the top post in 2023.
“The job is not yet done, we still have P8 billion to collect and with your dedication and cooperation, we will achieve this goal together,” he said.
