The authorities’s struggle towards the Maute terrorists is “partly funded” by the income collections from the Bureau of Customs (BoC).
For 2017, BoC is tasked to acquire P468 billion. On a day by day foundation, that will be P1.28 billion, Sen. Ralph Recto mentioned on Friday.
“In the war against terrorists, 1 in 5 bullets fired, 1 in 5 air sorties flown will be funded by BoC collections,” the Senate President Pro-Tempore mentioned.
He raised the necessity for the BoC to correctly acquire import tax and duties to fund authorities operations. “The Bureau of Customs collects revenues which fund public services that we all enjoy.”
He mentioned that in actual phrases, BoC will bankroll 9,498 school rooms out of the 47,492 that will probably be constructed. From its collections would come the cash to purchase 11.2 million textbooks out of the 55.eight million items to be procured.
“It can be computed that for each P100 put into the pay envelope of a authorities employee, P20 had been remitted by the BoC.
“In terms of PhilHealth insurance for indigents, seniors, it can be extrapolated that BoC’s share in funding would enroll 8.76 million individuals,” he added.