Marcos’ 4-yr GOCCs dividend collections outpaces Duterte’s entire admin

MANILA, Philippines — In just four years, the Marcos administration’s projected cumulative dividend collections from government-owned or -controlled corporations (GOCCs) are expected to reach more than P500 billion by the end of 2026.

Based on data released by the Department of Finance (DOF) on Wednesday, the GOCC dividend collections from 2022 to end-2026 is expected to reach P501.431 billion, or an annual average of P125.358 billion.

The four-year figure is 31.15 percent higher than the P382.33 billion remitted by GOCCs during the entire six-year administration of former President Rodrigo Duterte from 2016 to 2022 averaging P63.7 billion per year.

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For the entire 2026, the DOF expects to collect P147.115 billion from 50 GOCCs, with actual dividend collection of P140 billion as of July 8. The balance will be remitted by December 2026.

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

Under the Arroyo government from 2001 to 2010, the total collection was P84.1 billion, with an annual average of P9.3 billion. This improved under the Aquino administration, with total dividends collected amounting to P164.8 billion from 2010 to 2016, or with a P27.4 billion annual average.

All GOCCs, with some exemptions, are required to declare and remit at least 50 percent of their annual net earnings as dividends to the national coffers pursuant to Republic Act No. 7656, or the Dividend Law.

To maximize nontax revenue, the DOF has requested GOCCs to increase this share to 75 percent.

READ: Government subsidies to GOCCs down 23.4% in January

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President Marcos led the GOCCs’ Day at Malacañang on Wednesday, an annual event that gives due recognition to the GOCCs’ significant dividend contributions and support for national development

GOCCs’ Day is a ceremonial turnover of dividends that began in 2011. The event is being spearheaded by the DOF, which has fiscal oversight over the government corporate sector.

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The event aims to give recognition to the GOCCs for their dividend remittances to the national government, which help augment the funding needs of the government. /cb

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