The Philippine government-owned and controlled corporations achieved a historic dividend remittance of P117 billion, a move commended by President Ferdinand Marcos Jr.
MANILA, Philippines — President Ferdinand Marcos Jr. has officially acknowledged the exceptional performance of Philippine government-owned and controlled corporations (GOCCs) in remitting a record-high dividend totaling P117 billion. This remarkable financial contribution marks the highest ever recorded by GOCCs and has been highlighted as a positive development in boosting the country’s fiscal resources. The President praised the GOCCs for their efficient operations and financial management, which have enabled them to generate substantial surpluses contributing to the national budget. This achievement is expected to enhance government programs and services, supporting economic development and public welfare initiatives. Official statements underline that these dividends are a crucial source of funding, reflecting improved governance and oversight within the GOCC sector. The announcement underscores the administration’s commitment to transparency and maximizing public resources without increasing tax burdens. Further details will be provided by the Department of Finance and related agencies to clarify the allocation and planned utilization of the remitted funds. This development offers a promising outlook for the Philippines’ ongoing economic growth and fiscal stability.
Sources referenced:
- https://news.google.com/rss/articles/CBMipwFBVV95cUxQM3kxQUdHazVDclU0aVMxQWN3TWtTWklMRzc4cHU5YWQyb1FrNzVPdWdoNk9kbGhHdk9ZZXRGREV3MF9UVG5udmxJSzZUR2d3NXdKbDZPeUNHWWdzMklDYVRmdktjNnVDYUQ1eFA0ZDh3emFOS3U0VEJya2JUYmU4b2Qxc0RHclZNdkUwLVJSVXpQMjdjQ0hxUUY2bjhvYWtuWUJhWlJFc9IBrAFBVV95cUxPTXZnUTNFTmNYQXEwMXY1Wi1WNElBUWIyd3NzYVNRMEdfd203QUJ6X2tOMk10ZkNFZkIwbnhhak1PLWFsNFJ1UkZnR2tVaXRfT2ptWS1KSDdNVnBTa0R1cXhkY1lxOFJ4WU5ianROTFhsODEyVzNoOGpYYzd0Z3FvdFhQc0lVbnRLOUtUMnZqRXRJQV9EaklVck5FLTlDbmhURlIwX195Q3hURHFa?oc=5
