Govt seeks help from ‘waterfront’ agencies
Government waterfront agencies are called in to help in revenue generation effort next year by performing better through higher revenues while relying on their self-generated income.
Budget data showed that the Maritime Industry Authority (Marina) was assigned a revenue target of P448.684 million in 2011 from this year’s P412.065 million or higher by P36.619 million.
Marina’s assigned revenue target next year is also higher than last year’s goal of P443.844 million.
Marina will rely mainly on its income from franchising and licensing fees to attain its full-year objective by increasing its revenues from fees to P20.565 million from P16.904 million in 2010 or up 3.661 million.
Tonnage fees collected by Marina, however, is seen falling to only P28 million from P39.050 million this year.
The maritime agency was given an outlay of P339.722 million for next year, up from P303.223 million this year.
The Philippine Ports Authority (PPA) was tasked to grow its revenues next year to P7.442 billion, 5.35 percent higher its current year goal of P7.064 billion.
The ports agency, an attached unit of the Department of Transportation and Communications (DOTC), ended 2009 with total revenues of P7.129 billion.
PPA, a state-owned corporation created through Presidential Decree 857 with an authorized capital of P3 billion, does not receive yearly appropriations from the national government but is empowered to raise funds from borrowings or loans.
The Philippine Coast Guard (PCG), while given a higher budget of P3 billion from P2 billion in 2010, is likewise expected to help in revenue generation effort with a target of P2.692 million, slightly lower than this year’s program of P2.726 million.
The Coast Guard expects to post a collection of P1.022 million from registration fees next year from this year’s goal of P1.040 million.
A huge chunk of the PCG’s 2011 budget will go to personnel services, the recruitment of 500 additional personnel and the acquisition of at least two multi-role and French-made “Eurocopters” to expand the coverage of its maritime operations. Dino Ng