The Subic Bay Metropolitan Authority (SBMA) has released ₱143 million in revenue shares to local government units (LGUs) surrounding the Subic Bay Freeport (SBF).

SBMA Chairman and Administrator Eduardo Jose L. Aliño said the funds are allocated to seven municipalities and one city to support local development projects in tourism, infrastructure, education, peace and order, health, and livelihood programs.

Olongapo City received the largest share at ₱33.48 million, followed by Subic, Zambales with ₱21.48 million; Dinalupihan, Bataan with ₱17.83 million; and San Marcelino, Zambales with ₱17.19 million. Other recipients include Hermosa, Bataan (₱15.33 million), Castillejos, Zambales (₱13.02 million), Morong, Bataan (₱12.66 million), and San Antonio, Zambales (₱12.17 million).

The SBMA Accounting Department explained that the revenue share comes from two percent of the five percent gross income tax paid by freeport locators from July to December 2024. The remaining three percent is remitted to the national government.

Revenue shares are distributed twice a year, with the first-semester collection released in August and the second-semester collection disbursed in February of the following year.

The post Neighboring LGUs receive ₱143M in revenue shares from SBMA appeared first on 1Bataan.