DIVIDENDS collected from government-owned and -controlled corporations (GOCCs) hit a record P40.17 billion last year, the Department of Finance (DoF) reported on Sunday.
“Dividends remitted by government-owned or -controlled corporations breached the P40-billion mark in 2018, the highest amount ever collected since the law requiring state firms to hand over 50 percent of their annual net earnings to the national government was enacted in 1994,” the Finance department said in a statement.
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