CLARK FREEPORT — The Bases Conversion and Development Authority (BCDA) has remitted P2.04 billion to the national government last 15 May.

According to BCDA, the P2.04-billion remittance for 2025 is higher by 30.68 percent than last year’s P1.56 billion.

The agency added this milestone underscores BCDA’s growing fiscal contribution driven by efficient revenue generation and expenditure management.

The BCDA formally turned over to the Bureau of the Treasury (BTr) the remittance that represents 80 percent of the BCDA’s net earnings in 2024.

The agency said that this is well above the 50 percent minimum required by Republic Act 7656 (the Dividend Law), and exceeding the Department of Finance’s call for government owned and controlled corporations 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,” the BCDA cited.

The remittance 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.

“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 M. 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.