Finance Secretary Dominguez led the awarding of certificates of acknowledgement to representatives of Government-Owned and Controlled Corporations (GOCC) that emerged as the top dividend contributors this year, during the GOCC Day held on Thursday (July 11) in Malacañan Palace. President Rodrigo Duterte graced the occasion.
As of July 2019, the total dividend collection of P61.3 Billion is the highest amount ever collected from GOCCs. The amount includes cash and dividend contributions retained by government financial institutions to boost their capital requirements.
Secretary Dominguez said the dividends will go a long way in helping the government fund its massive infrastructure and social development programs.