LTO-NCR revenue reaches P8.1 billion in 2023

LTO logo over its building. INQUIRER FILE PHOTO

MANILA, Philippines — The Land Transportation Office (LTO) – National Capital Region (NCR) reached around P8.1 billion revenue for this year, according to its director, Roque Verzosa III.

Citing a report from Annabelle Quevedo, chief of the Financial Management Division (FMD) of the agency, Versoza said on Saturday that the figure exceeded the revenue last year of P7.82 billion.

The agency bared that the revenue came from license fees, Motor Vehicle User’s Charge registration, and miscellany, among others, it had collected.

Versoza attributed the agency’s achievement to its employees, saying they are already gearing up for 2024, and conducted a planning activity for each month next year.

READ: LTO-Metro Manila posts 7.82 billion revenue in 2022

“We appreciate and acknowledge the efforts of all LTO-NCR employees who have contributed to this outstanding revenue collection. As we enjoy our holidays, siguraduhin rin nating magiging handa ang ating opisina para sa susunod na taon at sa mga pagsubok na haharapin natin (Let us make sure that the office will be ready for the challenges we will face next year),” the official said in a statement.

Aside from LTO-NCR’s regular programs, the agency’s Traffic Safety Unit will also conduct extra road safety seminars for senior high school students and enhance services through initiatives like LTO-on-Wheels and E-Patrol.