In line with President Ferdinand R. Marcos Jr.’s directive to strengthen government resources for improved public service delivery, the Department of Finance (DOF) has collected over PHP 76 billion in dividends from government-owned or -controlled corporations (GOCCs) as of May 15, 2025.
The amount is projected to exceed PHP 100 billion by year-end, surpassing total collections in 2024. GOCC dividend remittances are a vital source of non-tax revenue, supporting key programs under the Marcos administration without increasing the tax burden on the Filipino people.
Finance Secretary Ralph G. Recto lauded the GOCCs for their strong fiscal performance and commitment to national development.
“I thank our hardworking GOCCs for their continued support to the national government and for heeding the President’s call for an all-inclusive, whole-of-government approach. These remittances enable us to fund priority programs that directly benefit the Filipino people,” Secretary Recto said.
He emphasized that the rising remittances reflect sound governance and improved fiscal discipline under the current administration. “Our GOCCs are operating more efficiently and generating higher profits, which allows them to contribute more to the National Treasury,” he noted. “As their performance improves, so does the quality of their public service. Better service translates to greater revenue, and ultimately, a larger contribution to nation-building.”
Under Republic Act No. 7656 or the GOCC Dividend Law, GOCCs are mandated to remit at least 50% of their net earnings to the national government. To further boost non-tax revenue, the DOF has encouraged GOCCs to remit up to 75% of their net income.
As of mid-May, the PHP 76 billion in remittances came from approximately 50 GOCCs, with 13 contributing at least PHP 1 billion each.
Top contributors include:
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Land Bank of the Philippines (LANDBANK)
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Philippine Amusement and Gaming Corporation (PAGCOR)
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Philippine Deposit Insurance Corporation (PDIC)
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Philippine Ports Authority (PPA)
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Manila International Airport Authority (MIAA)
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Clark Development Corporation (CDC)
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Philippine National Oil Company (PNOC)
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Bases Conversion and Development Authority (BCDA)
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Philippine Charity Sweepstakes Office (PCSO)
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Subic Bay Metropolitan Authority (SBMA)
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Maharlika Investment Corporation (MIC)
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Philippine Economic Zone Authority (PEZA)
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Philippine Guarantee Corporation (PHILGUARANTEE)
The DOF continues to work closely with GOCCs to ensure that remittances remain robust and contribute meaningfully to the country’s fiscal sustainability.
