GOCC Dividends Set Record at P147.15 Billion

MANILA, Philippines — Government-owned or -controlled corporations (GOCCs) are on track to remit a record P147.15 billion in dividends to the national government this year, marking a significant 29 percent increase from last year’s collections. This achievement underscores the vital role of state-owned enterprises in bolstering national progress and fiscal strength. Finance Secretary Frederick Go announced during the 2026 GOCC Day at Malacañang that P140 billion has already been remitted, with the remaining balance expected by year-end. GOCCs, established to provide goods and services, particularly in areas underserved by the private sector, are mandated under Republic Act No. 7656 (Dividend Law) to declare and remit at least 50 percent of their annual net earnings to the national government. The Department of Finance (DOF) has actively encouraged GOCCs to raise their dividend remittance rate to 75 percent to maximize non-tax revenues and strengthen the government’s fiscal position. This proactive approach has yielded substantial results, contributing significantly to national development initiatives. Leading contributors to this year's record dividend collection include the Bangko Sentral ng Pilipinas (BSP) with P62.39 billion, followed by the Land Bank of the Philippines with P32.35 billion, Philippine Deposit Insurance Corp. with P9.69 billion, Manila International Airport Authority with P7.59 billion, and Philippine Amusement and Gaming Corp. with P5.67 billion. Notably, the Maharlika Investment Corp., responsible for managing the country’s first sovereign wealth fund, also contributed P1.37 billion in dividend remittances. The DOF projects that cumulative dividend collections from GOCCs under the current Marcos administration will reach P501.431 billion by the end of 2026. This translates to an average annual collection of P125.358 billion since 2022, highlighting a consistent trend of robust financial contributions from state-owned entities. President Ferdinand Marcos Jr., who led the event, emphasized the impact of these collections, stating that the current year’s dividends have already surpassed the previous year’s level. He articulated that these resources can be effectively utilized for critical public investments, such as building nearly 40,000 classrooms, providing around 165,000 homes for Filipino families, or constructing approximately 8,700 to 9,300 kilometers of farm-to-market roads, thereby connecting farmers and fisherfolk to markets and fostering economic growth.