THE Department of Transportation on Wednesday stated its sales-producing companies and places of work remitted P25.Seventy eight billion to the national treasury final year.
The Land Transportation Office (LTO) remitted P21.35 billion and the Maritime Industry Authority (Marina) transferred P1.12 billion. The Toll Regulatory Board despatched P934 million, the Office of Transport Security (OTS) paid P831 million, and the Land Transportation Franchising Regulatory Board conveyed P689 million.
At P42.680 billion, the DoTr has obtained one of the maximum allocations from the P3.002 trillion General Appropriations Act of 2016.
Three transport places of work transmitted dividends to the country coffers in May, masking income in 2016. The Manila International Airport Authority remitted P2.26 billion, the Civil Aviation Authority of the Philippines transferred P1.98 billion, and the Philippine Ports Authority transmitted P1.Ninety five billion.
Transportation Secretary Arthur Tugade told CAAP to transfer cash to the countrywide coffers under his time period, for the reason that employer did remit P6.31 billion of dividends from 2011 to 2015.
In the first sector of the yr, remittances from government-owned and controlled groups totaled P7.Half billion, which include P5.Seventy six billion from the LTO and P294 million every from Marina and the OTS.
The Land Transportation Office (LTO) remitted P21.35 billion and the Maritime Industry Authority (Marina) transferred P1.12 billion. The Toll Regulatory Board despatched P934 million, the Office of Transport Security (OTS) paid P831 million, and the Land Transportation Franchising Regulatory Board conveyed P689 million.
At P42.680 billion, the DoTr has obtained one of the maximum allocations from the P3.002 trillion General Appropriations Act of 2016.
Three transport places of work transmitted dividends to the country coffers in May, masking income in 2016. The Manila International Airport Authority remitted P2.26 billion, the Civil Aviation Authority of the Philippines transferred P1.98 billion, and the Philippine Ports Authority transmitted P1.Ninety five billion.
Transportation Secretary Arthur Tugade told CAAP to transfer cash to the countrywide coffers under his time period, for the reason that employer did remit P6.31 billion of dividends from 2011 to 2015.
In the first sector of the yr, remittances from government-owned and controlled groups totaled P7.Half billion, which include P5.Seventy six billion from the LTO and P294 million every from Marina and the OTS.
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