The Department of Finance (DOF) said non-performing government-owned and -controlled corporations (GOCCs) that drain state resources should be shut down.
Finance Secretary Frederick Go said about 10 percent of the more than 100 GOCCs could be closed, with their functions transferred to other government agencies.
The review comes as government support for GOCCs reached P98 billion in the first five months of 2026.
Despite this, the Marcos administration has collected P501 billion in GOCC dividends over four years.
The DOF is also urging GOCCs to increase their dividend remittances to 75 percent to boost government revenues.
Source: PhilNews24 | August 9, 2026
