Govt secures P58-B GOCC dividends

By Mayvelin U. Caraballo

Jun 30, 2022 12:20 am

THE national government has secured P58 billion in dividends from government-owned and -controlled corporations (GOCCs) in the first half of the year, the Department of Finance (DoF) reported on Wednesday.

'As of the first half of June 2022 alone, the total cash collection from GOCCs this year already reached P58.25 billion, which is higher than the dividend collection level in 2021 of P57.55 billion,' it announced in a statement on Wednesday.

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