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PHILGUARANTEE ranks among top GOCCs that remitted over Php 1 billion cash dividends to the National Government

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Manila, Philippines – The Philippine Guarantee Corporation (PHILGUARANTEE) once again joined the “Billionaire’s Club” of Government-Owned and -Controlled Corporations (GOCCs), marking its second consecutive year of remitting over PHP1 billion in dividends to the National Treasury. For Calendar Year 2024, PHILGUARANTEE remitted PHP1.28 billion, cementing its place among the top GOCC contributors. This recognition was formally conferred by President Ferdinand R. Marcos, Jr. during the GOCCs Day held at Malacañang on September 16, 2025, an event hosted by the Department of Finance and the Governance Commission for GOCCs (GCG).

The GOCCs Day recognizes the critical role of GOCCs in bolstering government operations, generating revenue, driving sustainable economic growth, and delivering essential public services. This year, GOCCs have collectively remitted PHP116.84 billion in dividends to the National Treasury as of September 2025, demonstrating their significant contributions to the nation’s financial stability.

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PHILGUARANTEE is honored to be among the 15 of 53 GOCCs cited for their substantial contributions. President and CEO Alberto E. Pascual personally received the Certificate of Recognition from President Marcos Jr., highlighting the Corporation’s unswerving commitment to national development.

President Marcos emphasized that these dividends directly support vital programs in education, healthcare, disaster resilience, and social services, underscoring the importance of GOCC contributions to the well-being of Filipino citizens. Likewise, Finance Secretary Ralph G. Recto, also PHILGUARANTEE Board chairperson, added that an additional PHP40 billion is projected by year-end, bringing total 2025 remittances to an estimated PHP157 billion, surpassing the PHP138 billion collected in 2024.

PHILGUARANTEE remains a steadfast and reliable partner of the National Government, dedicated to strengthening its guarantee programs and fostering an optimistic outlook for future success. This recognition reinforces the Corporation’s vital role in supporting the nation’s economic growth and stability.

From: Strategy Management and Communications Department