Recto collects higher PHP 88.6-B GOCC dividends as of May 2024, a major source of non-tax revenues to fund PBBM’s priority programs without imposing new taxes
PRESS RELEASE Finance Secretary Ralph G. Recto has successfully collected PHP 88.6 billion from 47 Government-Owned- or Controlled Corporations (GOCCs) as of May 6, 2024––eleven times higher than 2023 and a major source of non-tax revenues for the national government to fund
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TAG Bangko Sentral ng Pilipinas (BSP), Bases Conversion and Development Authority (BCDA), Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), Clark Development Corporation (CDC), Department of Finance (DOF), Executive Secretary Lucas Bersamin, Government Owned and Controlled Corporations (GOCC), Land Bank of the Philippines (LBP), Manila International Airport Authority (MIAA), Metropolitan Waterworks and Sewerage System (MWSS), PAGCOR, Philippine Charity Sweepstakes Office (PCSO), Philippine Deposit Insurance Corporation (PDIC), Philippine Economic Zone Authority (PEZA), Philippine Guarantee Corporation, Philippine National Oil Company (PNOC), Philippine Ports Authority (PPA), Philippine Reclamation Authority (PRA), President Ferdinand Marcos Jr, Ralph Recto, Subic Bay Metropolitan Authority (SBMA)