Personalised plates inch closer

The draft budget estimates are figures released annually by the Finance Ministry as part of the budget documents post the budget speech. The estimates outline both expenditure and revenue across government for the upcoming financial year and include trend analysis for previous years.

The recently released documents indicate that the Transport ministry anticipates generating higher revenue in the financial year commencing on April 1. One of the new revenue items will be the personalised number plates, for which P1 million is expected to be earned. Government has been assessing the introduction of personalised plates since as far back as 2012, but the process has been slow-moving due to bureaucratic hurdles.