The Bases Conversion and Development Authority (BCDA) formally turned over PHP5.7 billion to the Bureau of the Treasury (BTr) as its latest fund contribution to fund government projects, including the modernization of the Armed Forces of the Philippines (AFP).
Its 2026 contribution was 5 percent higher than the PHP5.45 billion in 2025, driven by solid performance across its economic zones and strategic partnerships.
“BCDA is the GOCC (government-owned and -controlled corporation) that goes beyond generating dividends. It is a true developer of progress, creating the platforms and jobs that uplift millions of Filipinos across the country…The entire DOF family stands ready to support you. We will match your momentum. We will back your strategy. We will help you unlock even more value from your assets,” said Finance Secretary Frederick D. Go during the actual turnover on April 28, 2026.
Of the total remittances, PHP2.6 billion came from dividends, the highest in BCDA’s history and 18.18 percent higher than the PHP2.2 billion in 2025. This represents 61 percent of BCDA’s net earnings, exceeding the 50 percent minimum required under Republic Act No. 7656 or the Dividend Law.
The remaining PHP3.09 billion came from asset disposition proceeds, which will be distributed to beneficiary agencies, including a significant share for the AFP modernization program. The rest has been allocated to help the national government
cushion the impact of rising fuel prices on vulnerable sectors.
“Every peso we remit translates to real improvements in people’s daily lives. This is how we make sure our work creates an impact that people can see and feel,” said BCDA President and Chief Executive Officer Engr. Joshua M. Bingcang.
The remittance is equivalent to around 330 kilometers of roads, 2,300 classrooms, or 1,700 hospital beds nationwide. It can also support about 3,800 housing units under the Pambansang Pabahay Para sa Pilipino Program.
BCDA also remitted PHP25 million in guarantee fees to the BTr, linked to the government’s loan from the Japan International Cooperation Agency for the Subic-Clark-Tarlac Expressway (SCTEX).
“We ensure that every peso due to the government is remitted accurately and on time. Accountability is how we make sure public resources are protected and used for the benefit of every Filipino,” Engr. Bingcang added.
