THE Cebu Provincial Government reported an annual surplus in revenue collection by P608.4 million in 2016.
The amount, according to data from the Cebu Provincial Accountant’s Office, is higher compared to its collection in 2015, with P433.1 million; P504.8 million in 2014; and P528.9 million for 2013.
Provincial Accountant Ramon Dumayac Jr. said that the 2016 higher surplus did not mean the Capitol spent less on the government’s expenses compared to previous years.
“Dili man sa ingon nga minus ta ug galastohan but nagkadako ang atong income,” Dumayac said.
The data showed that the total generated income of the Province from 2013 to 2016 was P2.101 billion, P2.305 billion, P2.633 billion, and P2.920 billion, respectively.
Meanwhile, the Province’s total operating expenses for the past four years were as follows: P1.650 billion for 2013, P1.837 billion for 2014, P2.193 billion for 2015, and P2.184 billion for 2016.
The Province, according to the data, earned at least P9.961 billion for the last four years.
Dumayac said that of this amount, P2 billion will be remitted to the Bureau of Internal Revenue for withholding taxes.
“Kuhaan pa na siya. Kay pag-deduct nato ana, income minus expenses, kadtong net lang ang ma-kubra. Ato pa nang i-remit sa Bureau of Internal Revenue (BIR),” Dumayac said, adding that the remaining funds will be used for projects and programs.
The provincial accountant said that 82 percent of the income comes from the Internal Revenue Allotment (IRA).
The Province’s actual expenditures also increased in the past four years by at least 25 percent, from P1.6 billion in 2013 to P2.1 in billion in 2016. (Arnold T. Tucong, MSU-Marawi Intern)