THE national government expects to collect P147.15 billion in dividends from government-owned and -controlled corporations (GOCCs) this year.
“As our economy continues to grow, our GOCCs remain vital partners in turning national assets into national progress,” Finance Secretary Frederick Go said on Wednesday.
“This year, 50 GOCCs will remit a record amount of P147.15 billion in dividends,” he added.
Actual collections have reached nearly P140 billion as of July 8, data showed, while the remaining balance is expected to be remitted before the end of the year.
Under Republic Act 7656, or the Dividend Law, all GOCCs except those exempted are required to declare and remit at least 50 percent of their annual net earnings to the national government.
The Finance department said this year’s collections would also push cumulative dividend remittances under the Marcos administration to P501.43 billion, or an average of P125.36 billion annually.
The amount is already 31.15 percent higher than the P382.33 billion collected during the previous government despite covering only four years from 2022 to 2026, it added.
The annual average is also nearly double the P63.72 billion recorded during the Duterte administration.
The Bangko Sentral ng Pilipinas emerged as the largest dividend remitter, contributing P62.39 billion as of July 7. It was followed by the Land Bank of the Philippines (P25 billion) and Philippine Deposit Insurance Corp. (P9.69 billion).
Another P7.35 billion is expected from from LandBank before year-end, raising total collections to P147.15 billion.
Other major contributors included the Manila International Airport Authority (P7.59 billion), Philippine Amusement and Gaming Corp. (P5.67 billion), Philippine Ports Authority (P5.33 billion), and Power Sector Assets and Liabilities Management Corp. (P4.01 billion).
The list of top remitters also included the Bases Conversion and Development Authority (P2.60 billion), Clark Development Corp. (P2.59 billion), Philippine Guarantee Corp. (P1.86 billion), Philippine Charity Sweepstakes Office (P1.61 billion), Philippine Economic Zone Authority (P1.44 billion), Maharlika Investment Corp. (P1.38 billion) and Philippine National Oil Co. (P1.33 billion).
The Civil Aviation Authority of the Philippines also remitted P1.2 billion while other state-run firms contributed smaller amounts that brought actual collections to P139.8 billion as of July 7.
