Pangasinan collects 18% of target income

LINGAYEN, Pangasinan: In barely two months, the provincial government here has collected 18.07 percent of its estimated income for 2024.

In its Report of Revenue and Receipt, the Provincial Treasurer’s Office said that as of February 26, it already collected P1.036 billion. The province’s target is P5.23 billion.

From local taxes, the provincial government collected P128.65 million or 40.53 percent of its estimated income of P317.35 million.

The biggest collections came from real property taxes, P52.01 million, and tax on sand, gravel and other quarry products, which amounted to P42.77 million.

The provincial government again expects to exceed its collection target of P120 million from quarry operations this year because of the use of an app that helps enforcers in the regulation, inspection, supervision, monitoring and recording of the progress of quarrying activities.

The report also indicated that the provincial government has collected P828.2 million or 16.67 percent of its national allotment share of P4.97 billion.

From service and business income, it collected P68.09 million or 16 percent of the target collection amounting to P417.27 million.

The province runs a hotel, rents out some of its real estate properties and operates 14 hospitals.

For the first time in decades, the province’s hospitals registered a positive income of P63.27 million this year. Its estimated income is P400 million.

The bulk of the hospitals’ income came from payments of the Philippine Health Insurance Corp., which shoulders part of patients’ hospitalization and other services that each hospital offered.

Gov. Ramon Guico 3rd earlier said that he had no doubt Pangasinan will achieve, if not surpass, its target collections this year.

In 2022, Pangasinan collected some P6.44 billion in revenue, making it the country’s seventhrichest province that year, according to the Commission on Audit’s 2022 Annual Audit Report.

Last week, the Philippine Statistics Authority reported that Pangasinan was also seventh among 82 provinces in the country in terms of the value of its contribution to national gross domestic product in 2022.

This was attributed to the number of enterprises in the province producing products and services.