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BCDA remits P2.2B from 2014 revenues


The Bases Conversion and Development Authority (BCDA) on Monday said it has remitted P2.2 billion to the Bureau of Treasury last month, covering revenues for the whole of 2014. 
 
The latest remittance to the national treasury reflects the consistent financial performance of the BCDA in generating billions of pesos for the government, BCDA President and CEO Arnel Paciano Casanova said in an emailed statement.
 
"Since the start of the Aquino Administration, the BCDA has remitted and average of close to P2 billion yearly to the Bureau of Treasury," Casanova said.
 
The latest remittance represents the national government’s dividend share of P500 million as well as the P1.701-billion share of government beneficiary agencies from the BCDA. 
 
AFP's share
 
Of the P1.701 billion, the BCDA noted P1.499 billion from the sale of former military camps will go to the Armed Forces of the Philippines (AFP). The share of the other government beneficiary agencies amounted to P189.67 million, with the remaining P12.75 million accounting for the shares of the respective local governments of Taguig, Pateros and Makati.
 
The AFP also received P1.885 billion worth of replicated facilities on top of the P700 million covering 12 five-story residential buildings.
 
The other government agencies include: 
 
  • National Housing Authority, National Home Mortgage Finance Corporation and Home Insurance and Guarantee Corporation


  • Philippine Health Insurance Corporation


  • Department of Public Works and Highways and the Department of Transportation and Communications


  • Philippine Veterans Affairs Office


  • Commission on Higher Education


  • Department of Science and Technology


  • Office of the Secretary, Department of Justice and the Ombudsman


  • Mount Pinatubo Assistance, Rehabilitation and Development Fund


  • Bureau of Investigation, Bureau of Corrections, Philippine National Police and the Bureau of Jail Management and Penology


  • Supreme Court of the Philippines and Lower Courts, Sandiganbayan, Court of Appeals and Court of Tax Appeals


  • Department of  Education, Culture and Sports


  • Department of Labor and Employment


  • Department of Social Welfare and Development


  • Mount Pinatubo Assistance, Rehabilitation and Development


  • Philippine Economic Zone Authority
 
Casanova said the shares of the AFP and the government beneficiaries were directly remitted to the National Treasury, and the Department of Budget and Management was responsible for programming and releasing the appropriations to finance the AFP modernization program. – Trisha Macas/VS, GMA News
Tags: bcda, bcdaearnings
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