CAGAYAN DE ORO — The Philippines is celebrating a historic milestone in fiscal performance as government-owned and -controlled corporations (GOCCs) are projected to remit a record-breaking Php147.15 billion in dividends to the national treasury for 2026. This impressive figure represents a 29% increase from the previous year, highlighting the growing efficiency and success of these state-run firms. By turning national assets into engines of progress, these corporations are playing a vital role in funding essential public services without the need for additional taxes. As of July 8, 2026, P140 billion has already been collected from 50 GOCCs, with the remaining balance expected to be fulfilled by the end of the year.
Transforming Remittances Into Essential Infrastructure And Social Programs
These dividend collections are not just numbers on a ledger; they are tangible resources being poured directly into the country’s most urgent development needs. President Ferdinand Marcos Jr. noted that this record-high remittance is expected to fund the construction of nearly 40,000 classrooms, provide 165,000 housing units for Filipino families, and build between 8,700 and 9,300 kilometers of farm to market roads. By connecting farmers and fisherfolk to markets more efficiently, these investments are directly enhancing the livelihoods of those in the agricultural sector. This strategic use of non-tax revenue allows the government to expand investments in infrastructure, healthcare, and education, ensuring that economic growth is felt in every corner of the nation.
Achieving Fiscal Success Through Enhanced Stewardship And Innovation
The remarkable performance of these corporations is attributed to a combination of fiscal discipline, improved operational efficiency, and a proactive policy from the Department of Finance or DOF. Starting in 2024, the DOF requested state run firms to increase their dividend remittances from the mandated 50 percent of annual net earnings to 75 percent, a challenge that many GOCCs have embraced with great success. Major contributors leading the charge include the Bangko Sentral ng Pilipinas, the Land Bank of the Philippines, and the Philippine Deposit Insurance Corp., among many others that have surpassed billion-peso marks. This culture of accountability and innovation ensures that public resources are managed wisely, transparently, and intentionally for the benefit of all citizens.
Building A Legacy Of Inclusive Economic Growth Across Years
The success of the 2026 collections contributes to an even broader trend of fiscal strength under the current administration. From 2022 to 2026, total dividend remittances from GOCCs are projected to reach over Php501 billion, which is a significant improvement over the performance of previous years. This steady growth in non-tax revenue provides the government with the financial flexibility to pursue long-term projects that improve the quality of life for Filipinos. As the economy continues to expand, these state-run firms remain vital partners in modernizing systems and creating a sustainable foundation for the future of the Philippines.
