1 week ago
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DIVIDENDS remitted by the Bases Conversion and Development Authority (BCDA) to the national government reached a record-high of P2.04 billion in 2025, marking a 30.68-percent jump from last year's P1.56 billion.
This milestone underscores BCDA's growing fiscal contribution driven by efficient revenue generation and expenditure management.
The remittance, formally turned over to the Bureau of the Treasury (BTr) on May 15, represents 80 percent of the BCDA's net earnings in 2024 — well above the 50 percent minimum required by Republic Act (RA) 7656, or the Dividend Law, and exceeding the Department of Finance's (DOF) call for government-owned and -controlled corporations (GOCCs) to remit at least 75 percent of their net income.
This is on top of the P3.13 billion remitted by the BCDA as a share of asset disposition proceeds collected in 2024, slated for distribution to several beneficiary agencies including the Armed Forces of the Philippines (AFP).
This is also in addition to the P46-million guarantee fees paid by the BCDA to the BTr in relation to the government's loan from the Japan International Cooperation Agency for the Subic-Clark-Tarlac Expressway Project.
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Together, these figures bring the BCDA's total remittance to the BTr to P5.21 billion as of mid-May.
"The BCDA's record-high dividend remittance is a proof of the agency's robust financial position, driven by our unwavering commitment to transform former military bases into bustling economic hubs through high-impact public-private partnerships," said BCDA President and Chief Executive Officer Joshua Bingcang.
"More than contributing to the state coffers, these dividends will provide crucial support for the national government's programs and further fuel our collective efforts to foster inclusive and sustainable economic growth in the country," he added.
The Dividend Law mandates all GOCCs to declare and remit at least 50 percent of their net earnings as dividends.
To further boost the national government's nontax revenues, the DOF has asked GOCCs to raise this to at least 75 percent.
The BCDA, pursuant to RA 7227, or the Bases Conversion and Development Act, is also mandated to contribute a portion of its income from the sale, lease or joint venture developments of former military camps in Metro Manila to the AFP for its modernization program, as well as other beneficiary agencies.
