SEN. Bam Aquino said that government-owned and -controlled corporations (GOCCs) should be assessed not solely on their revenue contributions, but their public service as well.
Aquino made the call during the Senate Finance Subcommittee B hearing on the proposed 2027 budget of the Governance Commission for GOCCs (GCG) on Tuesday.
”We saw in your presentation that over the past 12 years, remittances have grown higher, which is an accomplishment. But if we leave that as our only or main metric, it will create the impression that all GOCCs need to remit, which is not necessarily the case,” Aquino said.
He asked the GCG to submit a comprehensive performance breakdown of all 112 active GOCCs to give senators a clearer basis for evaluating their budget requirements and performance during deliberations.
Aquino said the assessment should take into account the different mandates of GOCCs, particularly those whose primary purpose is to provide essential public services rather than earn income for the government.
The GCG’s current classification system distinguishes GOCCs according to their business operations and intended social impact, which the commission says is important in evaluating performance. Its integrated corporate reporting system also maintains individual performance scorecards for GOCCs.
GCG Chairman Marius Corpus told the panel that GOCCs posted an overall performance rate of 67 percent. He cited the Land Bank of the Philippines (LandBank) as among the top-performing corporations, while the Philippine Health Insurance Corp. (PhilHealth) was described as a mid-tier performer undergoing performance recovery.
The GCG’s online records show that both LandBank and PhilHealth are covered by the commission’s performance-scorecard system, with updated records available for 2026.
