CATARMAN, Northern Samar- The province of Northern Samar achieved a collection efficiency rate of 101.55% for real property taxes as of the second quarter of calendar year 2021, reported by the Bureau of Local Government Finance Region 8 during the BLGF VIII Third Quarterly Conference held on August 23-24, 2021.
The actual collection of the provincial government through the Provincial Treasurer’s Office reached PhP70.4 million, which exceeds the target of PhP69.3 million.
“We are happy that forecasted revenue for 2021 which was not only met, but even surpassed, as early as this 2nd Quarter. With this we are so certain that the programs and project under the Annual Budget of this year will be adequately funded.
Thanks to the support and assistance of the Good Governance Cluster, the Provincial Revenue Group, the Provincial and Municipal Assessors and Treasurers”, provincial treasurer Allan Valenciano said.
At this rate, the province ranked third among the 6 provinces in the region in terms of real tax collection efficiency.
Likewise, the province rated 34% year-on-year growth in local tax collection for the period 2020 to 2021, with PhP53 million pesos revenue collection in the second quarter of year 2020 which increased to PhP70 million in the second quarter of 2021.
It has performed better than Southern Leyte which has 31% year-on-year growth on the same period, and Leyte which has 8%.
(NORTHERN SAMAR PROVINCIAL INFORMATION OFFICE)
