PIA Press Release
Saturday, January 14, 2012
Eastern Samar BIR exceeds 2011 collection targetby Alice Nicart
BORONGAN CITY, Eastern Samar, January 14 (PIA) –- Infrastructure projects, together with new and old business establishments in the province, helped boost the 2011 revenue collection, which exceeded the P280 million target.
According to Bureau of Internal Revenue (BIR) - Eastern Samar officer Jocelyn Catamco, said the bureau collected P318,745,425.40 for 2011, which is about 10 percent higher than what they had projected.
In comparison with 2010's P76 million, the previous year was a glaring 31 percent increase, she added.
She attributed this increase to several factors, which include the government infrastructure projects that were implemented last year.
The lady executive disclosed that construction aggregates like gravel and sand, which is commonly called Aras-as, contributed to improved tax collection.
With the upcoming construction of the national highway, which will be financed by the United States’ Millennium Challenge Corporation (MCC), BIR can only expect a far better collection this year.
According to her, this is a good news as Eastern Samar contributes significantly to the Internal Revenue Allotments (IRA) for LGUs.
“Tax collected is the lifeblood of our nation where IRA is taken; at the end of every month, money is deposited with the National Treasury for Department of Budget and Management (DBM) to budget for the government’s expenditure,” Catamco said.(PIA-Eastern Samar/AEN)