GOCCs to remit record P147.15 billion to nat'l coffers —DOF

Government-owned or -controlled corporations (GOCCs) are expected to remit a record P147.15 billion in dividends to the national coffers this year, the Department of Finance (DOF) said Wednesday.

In a statement, the DOF said Finance Secretary Frederick Go lauded recognized 50 state-run corporations for their fiscal contributions during the 2026 GOCC Day led by President Ferdinand "Bongbong" Marcos Jr.

The year-to-date P147.15 billion total in GOCC dividends is 29% higher from the previous year.

Of the total amount, P140 billion has already been remitted to the national treasury, with the remaining balance expected to be settled by year-end, according to the DOF.

"As our economy continues to grow, our GOCCs remain vital partners in turning national assets into national progress. Every dividend they remit strengthens the capacity of the government to invest in the future of the Filipino people," said Go during the event.

Dividends from GOCCs serve as a primary source of non-tax revenues for the national government, directly funding Marcos’s priority initiatives.

The funds generated from this year's collection will be used to expand critical investments in infrastructure development, education, healthcare, and other initiatives aimed at promoting inclusive economic growth.

Under Republic Act No. 7656, also known as the Dividend Law, GOCCs are legally mandated to remit at least 50% of their annual net earnings to the National Government.

However, to further strengthen the country's fiscal position and maximize non-tax revenues, the Department of Finance has requested GOCCs to increase their remittance rate to 75%.

Out of the 50 recognized entities, 15 state-run corporations emerged as the top contributors driving this record-breaking revenue.

These major contributors include the Bangko Sentral ng Pilipinas, Land Bank of the Philippines, Philippine Deposit Insurance Corporation, Manila International Airport Authority, Philippine Amusement and Gaming Corporation, Philippine Ports Authority, Power Sector Assets and Liabilities Management Corporation, and the Bases Conversion and Development Authority.

Rounding out the top 15 are the Clark Development Corporation, Philippine Guarantee Corporation, Philippine Charity Sweepstakes Office, Philippine Economic Zone Authority, Maharlika Investment Corporation, Philippine National Oil Company, and the Civil Aviation Authority of the Philippines. — BM, GMA News