solare LTO-NCR collection rises 2.24% from Jan to Sept 2024, hits P7B
solare LTO-NCR collection rises 2.24% from Jan to Sept 2024, hits P7B
LTO logo over its building | INQUIRER FILE PHOTO
The Land Transportation Office-National Capital Region (LTO-NCR) reported on Monday that its revenue collection from January to September 2024 rose by 2.24% compared to the same period in 2023, reaching P7,052,119,892.16 or P7.05 billion.
Annabelle Quevedo, Chief of the Financial Management Division at LTO-NCR, noted that the agency has already surpassed the same period’s revenue collection of P6.89 billion plus.
Article continues after this advertisementShe attributed the increase to strong collections in recent months.
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Most of the revenue came from registration and licensing fees, amounting to P6,279,808.620.16 and P691,170,327.00, respectively.
Article continues after this advertisementAdditionally, the Law Enforcement and Traffic Adjudication System (LETAS) contributed P68,299,455.00, while the Motor Vehicle Inspection Center (MVIC) added P12,841,490.00.
Article continues after this advertisementLTO-NCR Regional Director Roque “Rox” Verzosa III expressed commitment to sustaining revenue growth in the final months of 2024.
“We appreciate and acknowledge the efforts of all LTO-NCR employees who have contributed to our revenue growth from January to September this year. Maasahan ng ating mga kababayan na we will strive even harder to sustain this growth for the remaining months of the year,” he said.
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