The Governance Commission for GOCCs (GCG) recently named the Philippine Charity Sweepstakes Office (PCSO) as one of the most improved and best-performing government-owned and controlled corporations (GOCCs).
The GCG said it recognized the PCSO for its “remarkable accomplishments, outstanding disclosure practices, and high-performance ratings” in the inaugural GOCC Governance Awards Ceremony held at the Philippine International Convention Center.
In a video message, President Ferdinand Marcos Jr. extended his congratulations to the GOCCs for demonstrating excellence and urged them to “uphold accountability, transparency, and integrity in (their) endeavors so that we can serve our people best, more efficiently, and more effectively.”
The PCSO earned the GCG nod after it achieved an impressive performance scorecard rating of 92.03 percent for 2022.
The Performance Evaluation System (PES) of the GCG is the process of appraising the accomplishments of GOCCs in a given fiscal year, based on a set of performance criteria, targets, and weights reported in a performance scorecard.
After a thorough validation by the GCG, the PCSO exceeded most of its targets set last year, particularly in gross revenue/sales, collection efficiency, and budget utilization.
Additionally, the PCSO has shown a solid commitment to rationalizing the use of charity funds, improving process efficiency, maintaining ISO certification, and ensuring the timely distribution of mandatory contributions.
The agency’s score of 92.03 % in 2022 is a huge leap of 35.73% compared to its 2021 score of 56.30%.