Thursday, October 04, 2007

Bulacan tops annual revenue collection

MALOLOS CITY: The province of Bulacan has soared to new heights in the field of revenues and income generating programs.

Bulacan was cited by the Commission on Audit (COA) as the top income-grossing province in its latest Financial Highlights of Local Government Units for fiscal year 2006.

The COA report said Bulacan had P1.7 billion in total gross income topping previous topnotcher Cebu with P1.6 billion and 75 other provinces. Bohol and Agusan del Norte were not included for failure to submit its statements as of cut-off date.

This was the fourth straight year that the province figured prominently in the rank. The province was recognized third for its financial performance for year 2003; and second for the years 2004 and 2005 while topping the list last year, the COA report said.

Belinda Bartolome, provincial treasurer and last year’s Top Financial Manager Awardee in the provincial level conferred by the Department of Finance (DOF), attributed the province’s effective financial performance to the continuous implementation of strategies aimed at increasing revenues, primarily from tax collections.

“With the total gross income from different revenues generated from tax collection and extensive collection of fees and charges, the result was commendable enough to put the province to the top rank,” she said.

Bartolome also cited the exhaustive information drive such as Ugnayan sa Barangay and continuous implementation of tax caravans, tax payment assistance centers and mobile tax payment centers as among the province’s effective ways of winning taxpayers’ cooperation.

She said the province also undergoes continuous updating and correction of data especially in the reclassification of land as per actual use that significantly contributed to additional revenue collection for the province.

“This policy leads the departments to plan and target its expenses, thus spending wisely and accordingly,” Bartolome said. --PNA

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