BOC-Port of Cebu posts P5-B record-breaking surplus in 2022

BOC-Port of Cebu posts P5-B record-breaking surplus in 2022

By Junex Doronio
January 4, 2023

Port Calls photo courtesy

CEBU CITY — It seems that the Bureau of Customs-Port of Cebu under the leadership of District Collector Elvira Cruz is ever ready to hurdle the new challenge this new year as it capped the year 2022 with a P5.033 billion revenue collection surplus, posting anew the biggest accumulated surplus in the Port’s history.

On the other hand, the Subport of Mactan under the leadership of Collector Gerardo “Gerry” A. Campo, with the efficient assistance of Assessment Section chief Nellie Wilwayco, recorded a surplus of P272 million against its collection target of P1.262 billion.

The Subport of Dumaguete headed by Acting Collector Gina Fatima S. Lasola also posted an excess of P2.5 billion above its collection target of P6.45 billion.

Cruz noted that last year’s collection reached P42,875,943,265.58 or 13.30% more than the assigned annual target of P37.843 billion.

Sustaining the Port’s positive collection performance was the consistent hitting of collection targets for 10 straight months since January then under the leadership of District Collector Charlito Martin Mendoza who was unexpectedly transferred to the Revenue Collection and Monitoring Group (RCMG) by Customs Commissioner Yogi Filemon Ruiz.

As early as November when Cruz took over, the Port had already surpassed its annual target and exceeded its December target by collecting P3.389 billion, adding to the surplus reserve.

It can be noted that compared to its collection performance in 2021, the Port posted a year-on-year growth of 33.08% or P10.658 billion increase in revenues.

Last year’s record also breaks the highest collection surplus posted in 2020 wherein the Port collected P3.261 billion more in excess of its assigned target.

Cruz attributed the feat to the work, focus, and determination of the men and women of the Port and thanked its stakeholders and partner government agencies for the constant support and compliance with policies.

“Although we had projected a P4 billion surplus, high value imports were still coming even in the last few days before the year end. We see this as a telling indication of our recovering economy which we hope to be more vigorous this year,” she confidently said.

Cruz was appointed as district collector during the term of former President Rodrigo Roa Duterte.

President Ferdinand “Bongbong” Marcos Jr. has again extended the terms of the officers in charge (OICs) of various agencies and departments after their appointments expired at year’s end.

Under Memorandum Circular No. 12 signed on Dec. 29 last year, OICs of departments, agencies, bureaus and offices, including noncareer executive service officials occupying career executive service (CES) positions are to “perform their duties and discharge their functions until a replacement has been appointed or designated, unless otherwise earlier terminated.” (ai/mtvn)

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