GOCC dividends to hit record P147.15 billion in 2026

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July 9, 2026 | 11:44am

MANILA, Philippines — Government-owned or -controlled corporations are expected to remit a record P147.15 billion in dividends to the national government this year, the Department of Finance said Wednesday, July 8.

Finance Secretary Frederick Go said during the 2026 GOCC Day at Malacañang that P140 billion has already been remitted, with the remaining balance expected by year-end.

The total is 29% higher than last year’s level, Go said.

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

GOCCs are state-owned or state-controlled enterprises created to provide goods and services, including in areas not fully served by the private sector.

Collections under Marcos

The DOF said cumulative dividend collections from GOCCs under the Marcos administration are expected to reach P501.431 billion by the end of 2026.

The amount translates to an average collection of P125.358 billion per year since 2022, the agency said.

President Ferdinand Marcos Jr., who led the event, said dividend collections this year have already surpassed the previous year’s level.

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

Under Republic Act 7656, or the Dividend Law, GOCCs are required to declare and remit at least 50% of their annual net earnings to the national government.

The DOF has encouraged GOCCs to raise their dividend remittance rate to 75% to maximize non-tax revenues and strengthen the government’s fiscal position.

The biggest contributors this year include the Bangko Sentral ng Pilipinas with P62.39 billion, followed by Land Bank of the Philippines with P32.35 billion, Philippine Deposit Insurance Corp. with P9.69 billion, Manila International Airport Authority with P7.59 billion and Philippine Amusement and Gaming Corp. with P5.67 billion.

The Maharlika Investment Corp., which manages the country’s first sovereign wealth fund, was also among the top contributors with P1.37 billion in dividend remittances.