Dividends collected from government-owned or controlled corporations (GOCCs) hit P105 billion to date, according to data released by the Department of Finance (DOF) on Tuesday.
This exceeded the P100-billion target of the DOF and the P20-billion projection of dividends on shares of stocks in the Budget of Expenditures and Sources of Financing (BESF) for the fiscal year 2025.
These remitted dividends were largely sourced from top contributors such as the Land Bank of the Philippines (P26 billion), Bangko Sentral ng Pilipinas (P18.91 billion), Philippine Amusement and Gaming Corp. (P12.67 billion) and Philippine Deposit Insurance Corp. (P10.13 billion).
Meanwhile, the other top contributors include the Power Sector Assets & Liabilities Management Corp. (P8.95 billion), Philippine Ports Authority (P5.20 billion), Manila International Airport Authority (P3.32 billion), Clark Development Corporation (P2.48 billion), Philippine National Oil Company (P2.42 billion), and Bases Conversion and Development Authority (P2.20 billion).
DOF Secretary Ralph Recto said dividends from these state-run firms or GOCCs could climb P90 billion to P110 billion higher than the projected target amount in the BESF for the whole year.
