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Manila Bulletin devider Business devider Banking & Finance devider GOCC dividends under Marcos top ₱500 billion, exceed Duterte-era haul by 31%

GOCC dividends under Marcos top ₱500 billion, exceed Duterte-era haul by 31%

Published Jul 8, 2026 04:54 pm

At A Glance

  • Dividends collected under President Ferdinand Marcos Jr.'s administration have already exceeded half a trillion pesos since mid-2022, 31.2 percent higher than those under the Duterte administration, and dwarfing the collections of the two earlier administrations.
President Ferdinand 'Bongbong' Marcos Jr. (Malacañang photo)
President Ferdinand 'Bongbong' Marcos Jr. (Malacañang photo)

Dividends collected under President Ferdinand R. Marcos Jr.’s administration have already exceeded half a trillion pesos since mid-2022, 31.2 percent higher than those under the Duterte administration and dwarfing the collections of the two earlier administrations.

A government document from Malacañang revealed that government-owned and/or -controlled corporations (GOCCs) have remitted a total of ₱501.4 billion since the start of the current administration, averaging ₱125.5 billion annually.

“In just four years, this administration’s collection is already 31.2 percent higher than the ₱382.3 billion collected under the previous administration,” the document read. Marcos’ term will end in 2028.

This historic figure was reported during the 2026 GOCCs’ Day held on Wednesday, July 8, at Malacañan Palace—an annual event designed to “give due recognition to the GOCCs’ significant dividend contributions and support to national development.”

Year-to-date, total dividend declarations have reached ₱147.2 billion from 50 different state-run firms, with ₱140 billion already collected as of the event date.

Compared with previous trends, dividends under the current administration emerged as an outlier. Data showed that the Arroyo administration from 2001 to 2010 collected ₱84.2 billion, while the Benigno Aquino III administration from 2010 to 2016 collected ₱164.8 billion.

While collections rose to ₱382.33 billion under the Duterte administration, the current annual average of ₱125.358 billion is nearly double the ₱63.722-billion average recorded under the previous administration.

Under Republic Act (RA) No. 7656, or the Dividend Law, GOCCs are mandated to remit at least half of their net earnings from the previous year as dividends to the national government (NG). The Department of Finance (DOF) earlier urged GOCCs to raise their share to 75 percent to maximize non-tax revenues.

Dividends from state-run firms remain a major source of non-tax revenue for the NG, financing priority programs without the need for new taxes.

Leading the 2026 contributors is the Bangko Sentral ng Pilipinas (BSP), which remitted ₱62.4 billion, followed by Land Bank of the Philippines (Landbank) with ₱25 billion, with an additional ₱7.3 billion due for collection.

Other top remitters include Philippine Deposit Insurance Corp. (PDIC) at ₱9.7 billion, Manila International Airport Authority (MIAA) at ₱7.6 billion, and Philippine Amusement and Gaming Corp. (Pagcor) at ₱5.7 billion.

Notably, sovereign wealth fund (SWF) manager Maharlika Investment Corp. (MIC) also contributed ₱1.4 billion to national coffers this year.

According to DOF Secretary Frederick D. Go, other GOCCs that turned over more than ₱1 billion in dividend remittances in 2026 were Philippine Ports Authority (PPA) at ₱5.3 billion, Power Sector Assets and Liabilities Management Corp. (PSALM) at ₱4 billion, Bases Conversion and Development Authority (BCDA) at ₱2.6 billion, Clark Development Corp. (CDC) at ₱2.6 billion, Philippine Guarantee Corp. (PhilGuarantee) at ₱1.9 billion, Philippine Charity Sweepstakes Office (PCSO) at ₱1.6 billion, Philippine Economic Zone Authority (PEZA) at ₱1.4 billion, Philippine National Oil Co. (PNOC) at ₱1.3 billion, and Civil Aviation Authority of the Philippines (CAAP) at ₱1.2 billion.

“These dividends will help expand investments in infrastructure, education, healthcare, and other initiatives that promote inclusive economic growth and improve the quality of life of Filipinos,” Go said in a statement.

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

Related Tags

GOCC dividends government-owned and/or -controlled corporations (GOCCs) Frederick D. Go Department of Finance (DOF) Bangko Sentral ng Pilipinas (BSP) Landbank of the Philippines
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