The Light Rail Transit Authority (LRTA) has remitted a total of P276,705,944.88 in interest income to the Bureau of the Treasury (BTr), in compliance with the directive of the Department of Finance (DOF) and pursuant to DOF Department Circular No. 002-2022.

The amount represents interest earned from deposits of funds allocated for various LRTA Rehabilitation Projects, and the Line 1 South Extension Project.

Under DOF Department Circular No. 002-2022, Government-Owned and Controlled Corporations (GOCCs), including LRTA, are required to remit all interest income generated from such funds to the National Treasury, unless otherwise provided by law. The policy mandates remittance within the prescribed period, including five banking days after each quarter, upon project completion, or upon maturity of the investment, whichever comes first.

This action emphasizes LRTA’s continued commitment to complying with national fiscal policies, ensuring proper stewardship of public funds, and promoting transparency and accountability among government-owned and controlled corporations.