Revenue collections by the Bureau of Customs reached P77.793 billion in May, surpassing its target of P72.350 billion for the month by P5.443 billion or 7.52 percent.
It said in a statement Friday the May collections were 17.36 percent or P11.505 billion better than a year ago.
This resulted in total revenue collections in the first five months of P359.175 billion, exceeding the target of P345.943 billion by P13.232 billion or 3.82 percent. This was also 12.06 percent or P38.661 billion higher than a year earlier.
The BOC attributed the improved collection performance to strategic initiatives aligned with Commissioner Bienvenido Rubio’s five-point priority program.
The first is the intensified anti-smuggling measures that have curtailed illicit activities and resulted in the seizure of contraband valued at over P19 billion.