GOCCs set new record with P147-B dividend collections for 2026

MANILA, Philippines — President Ferdinand Marcos Jr. on Wednesday commended 50 government-owned or -controlled corporations (GOCCs) for remitting a new record-high of P147 billion, which could fund important government projects such as schools, roads, shelters, and other infrastructure.

“As of this month, dividend collections have surpassed those of the previous year. We have received approximately P139.8 billion from 50 GOCCs,” President Marcos said during the 2026 GOCCs’ Day in Malacañang.

“These are resources that can build nearly 40,000 classrooms for our children, provide around 165,000 homes for Filipino families, construct roughly 8,700 to 9,300 kilometers of farm-to-market roads that connect our farmers and fisherfolk to markets,” he added.

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Landbank is set to remit another P7.345 billion by the end of the year that would bring the 2026 GOCCs dividend collections to P147.15 billion.

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Among the GOCCs with the highest collection as of July 7 were Bangko Sentral ng Pilipinas (P63.39 billion); Land Bank of the Philippines (P25 billion); Philippine Deposit Insurance Corp. (P9.69 billion); Manila International Airport Authority (P7.59 billion); and Philippine Amusement and Gaming Corp. (P5.67 billion).

Other top contributors included Philippine Ports Authority (P5.33 billion); Power Sector Assets and Liabilities Management Corp. (P4.01 billion); Bases Conversion and Development Authority (P2.6 billion); Clark Development Corp. (P2.6 billion); and Philippine Guarantee Corp. (P1.86 billion).

The projected GOCC dividend collection this year is 26 percent higher from last year’s record-setting P116.84 billion.

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READ: Marcos commends GOCCs’ record-high P117B dividend remittance

According to the Department of Finance (DOF), cumulative dividend collection under the current Marcos term from 2022 to 2026 will reach P501.43 billion, or an annual average of P125.36 billion.

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It noted that in just four years, the Marcos administration’s GOCC remittance to the national treasury is already 31.15 percent higher than the P382.33 billion collected in the entire six years of the previous administration of former President Rodrigo Duterte.

Marcos credited the higher GOCC remittance to the DOF’s call to GOCCs to raise their dividend remittances to 75 percent starting in 2024, from the previous 50 percent.

Under Republic Act No. 7656, or the Dividends Law, GOCCs are mandated to declare and remit at least 50 percent of their annual net earnings as cash, stock, or property dividends to the national government.

According to the president, it was an ambitious target that demands discipline, efficiency, and a strong commitment to the highest standards of public stewardship.

“I am pleased that the response from our GOCCs has shown that such standards are within our reach,” he said.

“Every peso that you have remitted strengthens the government’s capacity to deliver better services without imposing additional tax burdens on ordinary Filipinos,” Marcos added.

The president reminded GOCCs that their primary mission is to serve the public. “Profit is never the end in itself; it is a means to better serve the Filipino people,” he said.

Marcos told GOCCs to continue modernizing their operations, adopt innovative solutions, and eliminate inefficiencies to improve the delivery of services.

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He also urged them to uphold fiscal discipline, emphasizing that public funds must be managed prudently, transparently, and with accountability rather than treated as privileges to be spent. /mr