THE Development Budget Coordination Committee predicted that the national government's revenue performance is expected to exceed the PHP3.73 trillion target for this year. In a joint statement, the inter-agency noted that the emerging total revenue collection for this year is said to possibly reach somewhere between P3.84 trillion to P3.90 trillion. "The National Government’s revenue performance is expected to exceed the target set during the 184th DBCC meeting in April 2023," the DBCC said. The DBCC include the Department of Budget and Management (DBM), Department of Finance (DOF), National Economic and Development Authority, and the Bangko Sentral ng Pilipinas. Likewise the DBCC said that the total revenues for the first nine months of the year is at P2.84 trillion, which is actually 6.8 percent year-on-year. "Both tax and non-tax revenues registered positive growth at 6.4 and 10.5 percent, respectively," the DBCC said. The actual revenue collections during the period also exceeded the program by 3.0 percent mainly due to higher collections from the Bureau of Customs (BOC) and non-tax revenues of PHP152.57 billion.
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