GOCCs’ dividend payments reached P39.8b in first quarter

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The Department of Finance said Monday dividends collected from government-owned or controlled corporations reached P39.8 billion as of April 24, 2024, up from only P8 billion in the same period in 2023.

The government collected P99.9 billion in dividends from GOCCs in 2023, higher by 46 percent than P68.34 billion in 2022. The other top contributors were Philippine Ports Authority with 4.4 billion, Power Sector Assets & Liabilities Management Corp. with P3.1 billion and the Philippine Charity Sweepstakes Office with 2.6 billion.Recto issued Department Circular 003-2024 on Feb. 27, 2024 which provides the guidelines to implement the special provisions of the 2024 General Appropriations Act .

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MlaStandard /  🏆 20. in PH

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