GOCCs to remit record P147B in 2026

MANILA, Philippines – Government-owned and -controlled corporations (GOCCs) are set to remit a record P147.15 billion in dividends to the national government in 2026, Finance Secretary Frederick Go said.

Speaking at the 2026 GOCCs’ Day at Malacañang on Tuesday, the finance chief said the amount was 29 percent higher than last year’s dividend remittances.

Republic Act No. 7656 or the Dividends Law directs GOCCs to remit at least 50 percent of their annual net earnings to the national government. In 2024, however, the Department of Finance (DOF) asked state-run firms to raise their dividend remittances to 75 percent of net income.

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As of July 8, 50 GOCCs had remitted P140 billion in dividends, with the remaining P7 billion expected by year-end.

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“As our economy continues to grow, our GOCCs remain vital partners in turning national assets into national progress. Every dividend you remit strengthens the capacity of the government to invest in the future of the Filipino people,” Go said in his speech.

Meanwhile, President Ferdinand Marcos Jr. lauded state-run firms for their strong dividend remittances, noting that they help fund priority programs without imposing additional taxes on Filipinos.

“That is why I challenge every GOCC to continue modernizing your systems, embracing innovation, and eliminating inefficiencies wherever they may exist. At the same time, let us remain steadfast in practicing fiscal discipline,” Marcos said.

“Public resources must never be treated as privileges to be spent, but as responsibilities to be managed wisely, transparently, and intentionally,” he added.

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Marcos said the dividends will help fund 40,000 classrooms, 165,000 housing units and 8,700 to 9,300 kilometers of farm-to-market roads.

Among the 50 GOCCs, only two remitted more than P20 billion in dividends.

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Major contributors

The largest contributor was the Bangko Sentral ng Pilipinas, which remitted P62.4 billion.

The Land Bank of the Philippines followed with P25 billion in remittances and will remit another P7.34 billion before year-end, bringing its total dividend contribution to P32.35 billion.

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From 2022 to 2026, GOCCs under the Marcos administration are projected to remit a total of P501.4 billion in dividends, or an annual average of P125.4 billion. /pai INQ