Government-owned and controlled corporations (GOCCs) are expected to remit a total of P147.15 billion in dividends to the National Government in 2026, according to the latest data from BusinessWorld.
As of July 8, dividend collections had already reached P139.8 billion from 50 state-run firms, surpassing the previous year's total. The strong performance reflects improved profitability and compliance among GOCCs, which are mandated to remit at least 50% of their net earnings to the national treasury.
The dividend remittances are a key revenue source for the government, helping to fund infrastructure and social programs. The Department of Finance has urged GOCCs to continue efficient operations to sustain contributions, with the remaining P7.35 billion expected to be collected in the second half of the year.