LTO-Metro Manila posts 7.82 billion revenue in 2022
MANILA, Philippines — The Land Transportation Office (LTO) in Metro Manila recorded a total of P7.82 billion revenue for 2022, regional director Roque Verzosa III said on Friday.
“The office’s revenue collections primarily stem from motor vehicle taxes, driver’s license issuance, and fines and penalties collected from traffic rule violators,” Verzosa said in a statement.
Verzosa said most of the total collected revenue came from District Offices catering to motor vehicle and motorcycle renewals, which was at 60.4 percent.
Also, 30.7 percent of the revenue came from law enforcement and traffic adjudication services, public utility vehicle registration centers, LTO-owned motor vehicle inspection centers, among others.
Moreover, 3.7 percent came from licensing centers, 3.1 percent from the driver’s license renewal offices, and 2.1 percent from the agency’s extension offices in the metropolis. — Ivana Romero, INQUIRER.net trainee