The Subic Bay Metropolitan Authority (SBMA) has distributed โฑ143 million in revenue shares to local government units (LGUs) surrounding the Subic Bay Freeport (SBF).
SBMA Chairman and Administrator Eduardo Jose L. Aliรฑo explained that these revenue shares are allocated to seven municipalities and one city around SBF to boost their development funds and support key projects in tourism, infrastructure, education, peace and order, health, and livelihood generation.
The allocation is based on a formula that divides the funds according to 50% population, 25% land area, and 25% equal sharing.
Olongapo City, being the most populous LGU, received the largest share of โฑ33.48 million, followed by Subic, Zambales with โฑ21.48 million; Dinalupihan, Bataan with โฑ17.83 million; and San Marcelino, Zambales with โฑ17.19 million.
Other LGUs that received their shares include Hermosa, Bataan with โฑ15.33 million; Castillejos, Zambales with โฑ13.02 million; Morong, Bataan with โฑ12.66 million; and San Antonio, Zambales with โฑ12.17 million.
According to the SBMA Accounting Department, the funds were drawn from two percent of the five percent tax on gross income paid by freeport locators from July to December 2024. The remaining three percent of the tax revenue is sent directly to the national government.
The revenue shares are distributed bi-annually, with the first-semester collection released in August and the second-semester collection in February of the following year.
