THE plunge in travel taxes collected by the government due to the pandemic restrictions has again forced the Tourism Infrastructure and Enterprise Zone Authority to seek a subsidy from the national government to support its maintenance and other operating expenses .
According to the National Expenditure Program for 2023, Tieza was allocated a subsidy of some P186.3 million this year, and P46 million in 2021. According to a Commission on Audit report on the GOCC’s finances, Tieza’s MOOE reached some P460 million in 2021, up 16.3 percent from 2020. Also, the special provisions in the NEP 2023 provides: “The Tieza is hereby authorized to use subsidy released for programs and projects in 2018-2021 to cover the additional funding requirements of activities or projects covered by the programs or sub-programs therein.
“We’re optimistic that this year and the next coming year, since we’re banking on the statement of our President that there would be no more lockdown, so we’re hoping by 2023, we will be back to our pre-pandemic form. We’re still on our negative side [of travel tax collections] yet.”
Source: Holiday News (holidaynews.net)
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