Government-owned and controlled corporations are slated to remit a total of P147.15 billion in dividends to the national treasury this year, with P140 billion already collected from 50 state-run firms as of early July.
The latest dividend collections have exceeded those of the previous year, reaching approximately P139.8 billion from the same 50 corporations.
Officials highlighted that the influx of funds could finance the construction of nearly 40,000 classrooms, provide around 165,000 homes for families, and develop roughly 8,700 to 9,300 kilometers of farm‑to‑market roads to connect farmers and fisherfolk with markets.
The central bank contributed the largest share, remitting P62.39 billion, followed by the Land Bank with P25 billion and the Deposit Insurance Corporation with P9.69 billion.
Other corporations delivering more than P1 billion each included the Manila International Airport Authority (P7.59 billion), the Amusement and Gaming Corporation (P5.67 billion), the Ports Authority (P5.33 billion) and the Power Sector Assets and Liabilities Management Corp. (P4.01 billion).
Among investment promotion agencies, the Bases Conversion and Development Authority and the Clark Development Corp. each contributed P2.6 billion, while the Economic Zone Authority remitted P1.44 billion.
Additional members of the billion‑peso club comprised the Guarantee Corporation (P1.86 billion), the Charity Sweepstakes Office (P1.61 billion), Maharlika Investment Corp. (P1.38 billion), the National Oil Company (P1.33 billion) and the Civil Aviation Authority (P1.2 billion).
From 2022 through 2026, total dividend remittances under the current administration reached P501.43 billion, averaging P125.36 billion per year.
