SUBIC BAY FREEPORT — Local government units (LGUs) contiguous to this premier freeport received their revenue shares worth ₱197.85 million.
The Subic Bay Metropolitan Authority (SBMA) released today the revenue shares for the first semester of this year in a simple turnover ceremony at the SBMA Corporate Boardroom.
“Rest assured that we will do our best to make progress in the Freeport so that our neighboring LGU partners will also benefit including the 166,000 freeport workers who chose to work here instead of working abroad,” SBMA Chairman and Administrator Eduardo Jose L. Aliño said.
According to Aliño, for the current period, the shares came from revenues collected between January and June this year, and are given to contiguous LGUs to augment funds for their projects in tourism, infrastructure, education, peace and order, health, livelihood generation, and social services that will benefit more than 785,000 individuals from their respective LGUs, especially households who have been severely affected by the recent calamities.
Olongapo City, the lone recipient city, received the largest share due to its population and land area among the seven LGU recipients, which is ₱46,270,769.33.
In Zambales, Subic received ₱29,683,317.56, the second biggest amount received. Next is San Marcelino with ₱23,763,694.31, while Castillejos received ₱17,987,887.14, and San Antonio received ₱16,824,398.47.
In Bataan, Dinalupihan received ₱24,643,508.58, while Hermosa received ₱21,186,145.67, and Morong received ₱17,489,910.85.
SBMA Senior Deputy Administrator for Support Services Atty. Ramon Agregado said that the LGU shares distribution came timely since the provinces of Zambales and Bataan were affected by three typhoons that hit the country recently.
“Hermosa has hit a deficit in resources because of the calamity. This LGU shares distribution will be a huge boost to augment the resources we lost. As you all know, Hermosa was among the most hardly hit municipalities by the heavy rains brought about by the typhoons and the southwest monsoon, as 18 out of 23 barangays got flooded,” newly-elected Hermosa, Bataan mayor Atty. Anne Inton said.
Aliño explained that the LGU share is determined according to 50 percent population, 25 percent land area, and 25 percent equal sharing. Net shares are computed by adding the current base share to the ten percent retention amount from two years prior, but less ten percent retention amount from the current period.
He also shared that the reduction in the amount of dividends for the same period in 2024 in the amount of ₱204.7 million to ₱197.8 million in 2025 was due to the imposition of 25 percent tax by the Department of Finance, which is remitted by the Agency to the Bureau of Internal Revenue (BIR), and the removal of the five percent tax privilege wherein three percnet used to be remitted to the BIR, and two percent used to be distributed as dividends among the eight contiguous LGUs.
These revenue shares collected from January to June are released in August, and revenue shares collected from July to December are released in February of the following year.
