GOCC dividends seen breaching P100-B in 2025

The Department of Finance (DOF) expects dividends from government-owned and controlled corporations (GOCCs) to exceed PHP100 billion this year, signaling another strong performance in non-tax revenue collection.

As of May 15, the DOF reported that GOCCs had already remitted over P76 billion in dividends, with contributions coming from about 50 entities.

Among the top contributors were the Land Bank of the Philippines with P26 billion, followed by the Philippine Amusement and Gaming Corporation (P12.6 billion), Philippine Deposit Insurance Corporation (P10.13 billion), Philippine Ports Authority (P5.20 billion), and Manila International Airport Authority (P3.32 billion). Other notable remittances came from the Philippine National Oil Company (P2.42 billion), Bases Conversion and Development Authority (P2.03 billion), Philippine Charity Sweepstakes Office (P1.77 billion), Subic Bay Metropolitan Authority (P1.46 billion), and Maharlika Investment Corporation (P1.45 billion).

These dividend remittances form a significant part of the national government’s non-tax revenues, which are used to fund priority programs under the administration of President Ferdinand R. Marcos Jr. without introducing new taxes.

Last year, GOCC dividends reached over P138 billion.

“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,” said Finance Secretary Ralph Recto.

“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.

Recto attributed the robust dividend collections to improved fiscal discipline and enhanced governance across GOCCs under the current administration.

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

Under Republic Act 7656, GOCCs are mandated to remit at least 50% of their annual net earnings to the government. To boost non-tax revenues further, the DOF has urged GOCCs to raise their remittance share to 75%.