DOF: GOCC dividends surpass PHP76B, 13 firms contribute over PHP1B each

The Department of Finance (DOF) reported on Wednesday that dividend remittances from government-owned or -controlled corporations (GOCCs) have surpassed PHP76 billion as of May 15, 2025.

Contributions came from approximately 50 GOCCs, with around 13 firms each contributing at least PHP1 billion.

Top contributors include the Land Bank of the Philippines, Philippine Amusement and Gaming Corporation, and other state-owned entities such as PDI Corp., PPA, MIAA, CDC, PNOC, BCDA, PCSO, SBMA, MIC, PEZA, PHILGUARANTEE, with specific figures for some firms now available.

Finance Secretary Ralph Recto thanked GOCCs for their support and highlighted that these non-tax revenues help fund President Ferdinand R. Marcos Jr.'s priority programs without new taxes.

Recto noted the sustained increase in dividend remittances reflects improved governance and fiscal discipline under the current administration, enabling GOCCs to contribute more effectively to the National Treasury.