Tuesday, January 26, 2010

LTO-Pagadian posts 31% hike in revenues for ‘09

TOTAL revenues of the Land Transportation Office (LTO)-Pagadian City District Office slightly increased to 31.1 percent in 2009, equivalent to some P5,356,019.70.

A two-year comparative report provided by Emmanuel Barretto Sr., Senior Transportation Regulation Officer (STRO), showed some P17,200,279.47 posted for 2008 and P22,556,299.17 for 2009.

Barreto said there is a decrease in motor vehicle (MV) registrations last year in both government and For-hire, with the former dropping by at least half from the previous year’s statistics.

All in all, there were 16,348 total MVs registered in the city, a 7.2 percent increase from 2008 figures.

For licenses and permits issued, student permits, which previously showed the bulk of transactions in the said office, likewise showed a downtrend, with a 692 decrease from its 2008 figures of 6,990 along with Non-Professional drivers’ license, showing 2,765 for 2009, again, a decrease of 22 from the 2008 report.

However, professional drivers licenses increased by 4.9 percent, from 8,779 in 2008 to 9,206 for last year. All in all, the total for licenses and permits issued still sank with 18,308 for 2009 as compared to 18,593 the previous year.

Barreto justified the decline of the data for licenses and permits in Pagadian City was due to the improvement of the LTO extension offices located in Buug, Zamboanga Sibugay and Molave following their automation and approval of its service as an International Organization Standardization (ISO) accredited office.