Government-owned and -controlled corporations (GOCCs) have remitted P140 billion in dividends to the National Government so far this year, with 15 state-run firms each contributing at least P1 billion, highlighting their growing role as a major source of non-tax revenues that help fund public services and infrastructure.
During the 2026 GOCC Day in Malacañang on Wednesday, President Ferdinand Marcos Jr. recognized the state firms, which have declared total dividends of P147.15 billion for 2026.
The remaining balance is expected to be remitted before year-end.
Leading the so-called “Billionaires Club” was the Bangko Sentral ng Pilipinas, which contributed P62.39 billion, followed by Land Bank of the Philippines with P32.35 billion and the Philippine Deposit Insurance Corp. with P9.69 billion.
Other top contributors included the Manila International Airport Authority, Philippine Amusement and Gaming Corp., and Philippine Ports Authority.
Under the Dividend Law, GOCCs are generally required to remit at least 50 percent of their annual net earnings to the National Government, providing a steady stream of revenues that supports government spending while reducing reliance on new taxes and additional borrowing.
