GOVERNMENT-OWNED and Controlled Corporations (GOCCs) have remitted a total of P32.03 billion this year to the National Government, the Department of Finance said in a briefer on Wednesday, Aug. 15, marking 2018 GOCC Day.
The turnover covers the first seven months of dividends remitted by 54 GOCCs, the DoF said.
“The total dividend collections in the first seven (7) months of this year already exceeded the full-year total of P27.73 billion dividends contributed by GOCCs in 2016 and P30.46 billion in 2017,” the department said, adding that seven of these GOCCs remitted at least P1 billion, representing 69% or P22.05 billion of remittances.
The Civil Aviation Authority of the Philippines topped the list of GOCCs with P6.225 billion, followed by the Philippine Ports Authority with P3.103 billion, the Philippine Deposit Insurance Corporation with P2.844 billion,the Philippine Amusement and Gaming Corporation with P2.593 billion, the Philippine Charity Sweepstakes Office at P2.535 billion, the Bangko Sentral ng Pilipinas with P2.5 billion, and the Manila International Airport Authority with P2.251 billion. — Arjay L. Balinbin