In line with the directive of President Ferdinand R. Marcos, Jr. to ensure that the government has enough resources to fund more public services that will benefit every Filipino, the Department of Finance (DOF) has already secured more than PHP 76 billion in dividend remittances from government-owned or -controlled corporations (GOCCs) as of May 15, 2025.

The amount is expected to exceed PHP 100 billion by the end of the year and surpass the level in 2024.

GOCC dividends are a major source of non-tax revenues for the national government to fund President Marcos, Jr.’s priority programs without the need to impose new taxes on the people.

“I thank our hardworking GOCCs for their continued support to the national government and for heeding the President’s call for an all-inclusive, whole-of-government approach in realizing the government’s development plans that will benefit every Filipino,” Finance Secretary Ralph G. Recto said.

“These non-tax revenues allow us to support the government’s expenditure program for the year, enabling the DOF to stay on track with its fiscal program and mobilize funds for our priority programs and projects,” he added.

Furthermore, the Finance Chief emphasized that the sustained increase in dividend remittances is a clear reflection of the strengthened good governance and fiscal discipline of GOCCs under President Marcos, Jr.’s administration.

“This shows that our GOCCs are continuously operating efficiently and generating substantial profits, enabling them to contribute more to the National Treasury,” Secretary Recto said.

“At kasabay ng pag-angat ng kanilang performance ay ang patuloy ding pagtaas ng kalidad ng kanilang serbisyo sa publiko. Habang gumaganda ang serbisyo, tumataas ang kanilang kita, at mas lumalaki ang ambag nila sa bayan,” he added.

Under Republic Act No. 7656 or the Dividend Law, GOCCs are required to remit at least 50% of their net earnings during the preceding year as dividends to the national government.

To maximize non-tax revenue, the DOF has requested GOCCs to increase this share to 75%.

As of May 15, 2025, the PHP 76 billion dividend remittances were sourced from around 50 GOCCs, with about 13 GOCCs contributing at least PHP 1 billion each.

Among the top contributors were the Landbank of the Philippines (LANDBANK), the Philippine Amusement and Gaming Corporation (PAGCOR), the Philippine Deposit Insurance Corporation (PDIC), the Philippine Port Authority (PPA), the Manila International Airport Authority (MIAA), the Clark Development Corporation (CDC), the Philippine National Oil Company (PNOC), the Bases Conversion and Development Authority (BCDA), the Philippine Charity Sweepstakes Office (PCSO), the Subic Bay Metropolitan Authority (SBMA), the Maharlika Investment Corporation (MIC), the Philippine Economic Zone Authority (PEZA), and the Philippine Guarantee Corporation (PHILGUARANTEE).