LTO revenue collection at P17.19B in January to May, up 34%

The Land Transportation Office (LTO) on Friday said it collected P17.19 billion in the first five months of 2024, up 34% compared to the January to May 2023 period.

In a news release, the LTO said its full-year P33-billion revenue target is on track after its January to May collection surpassed last year’s same period P12.8 billion by double-digits.

“From our law enforcers on the roads and our personnel on desks of our frontline services up to the regional offices and the Central Office, everyone has contributed a lot in achieving this accomplishment,” said LTO chief Assistant Secretary Vigor Mendoza II.

“Under the guidance of our DOTr Secretary Jaime J. Bautista, we will sustain our efforts to accomplish our revenue collection target because this target revenue is essential in the delivery of basic services to the Filipino people under the Bagong Pilipinas of our President Ferdinand “Bongbong” Marcos, Jr.,” said Mendoza.

Based on the data, all the revenue sources recorded significant increases —15.33% increase in Motor Vehicle Users Charge (from P8.6 billion to P9.9 billion); and, 10.50% increase in driver’ license transactions (from P1.479 billion to P1.634 billion).

The aggressive law enforcement activities also resulted in 25.26% increase for revenues from Law Enforcement and Traffic Adjudication System and 128% increase in other revenue sources of the agency.

“With the help of the hardworking men and women of the LTO, I am confident that we can reach the target we set in terms of revenue collection,” said Mendoza.—AOL, GMA Integrated News