Ministries unfazed as revenue arrears top P460m

Friday, March 23, 2018

The Public Accounts Committee has rapped ministries for a lackadaisical approach to revenue collection, as figures show that at least P461 million was owed in arrears, with zero recoveries in 2015-2016.

The figures are contained in the committee’s latest report tabled recently before Parliament.

According to the PAC’s report, revenue arrears owed to ministries were pegged at P458.1 million in 2013-2014 with P4.2 million collections and P1.5 million abandoned. The arrears dipped marginally to P457.6 million in 2014-2015 with P3.8 million in recoveries and P527,245 written off.

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