Customs incurs P7-B deficit in Oct, Nov, dims P585-B target for 2018

THE Bureau of Customs (BoC) failed to meet its collection target for two consecutive months in the fourth quarter of the year with a deficit of almost P7 billion, dimming the prospect of hitting its assigned revenue target of P584.881 billion for 2018.

There was no explanation from the office of new Commissioner Leonardo Rey Guerrero as to why the bureau incurred a P6.681 billion deficit for October and November after record-breaking collections from February to September 2018.