1GOCC dividends surge 1,100% to P88.6B, significantly contributing to non-tax revenues for the Philippine government.

GOCC dividends surge to P88.6B, a 1,100% increase from the same period last year, as 47 government-owned and -controlled corporations (GOCCs) contribute significantly to non-tax revenues for the Philippine government. The DOF targets P100B in dividends from GOCCs by the end of the year. The increased remittances are expected to reduce the country's borrowings and avoid imposing additional taxes on citizens.

May 06, 2024
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