The Bases Conversion and Development Authority’s (BCDA) P2.6-billion remittance to the Bureau of Treasury (BTr) has secured for it a spot in the prestigious “Billionaires’ Club” of government-owned-and-controlled corporations (GOCCs) remitting over P1 billion in dividends to the national treasury.

During the GOCC Day celebration at Malacañang on 8 July 2026, BCDA president and CEO Joshua M. Bingcang said this sustained performance reflects BCDA’s commitment to good governance, fiscal discipline, and creating lasting value for the Filipino people.

Unwavering commitment

“This recognition is a testament to BCDA’s unwavering commitment to responsible governance and fiscal discipline. Every dividend we remit represents the value we create through strategic investments and sustainable development,” he said.

“As we continue transforming former military lands into centers of economic growth, we remain focused on delivering greater returns to the government, supporting national development priorities, and creating more opportunities for Filipinos,” he further said.

President Ferdinand Marcos Jr., during the ceremony, commended the GOCCs for their role in strengthening the country’s fiscal position and supporting programs that benefit Filipinos.

Capacity to deliver better services

“Every peso that you have remitted strengthens the government’s capacity to deliver better services without imposing additional tax burdens on ordinary Filipinos. It is proof that sound governance and fiscal responsibility can create opportunities for our people while sparing them from bearing greater financial sacrifice,” President Ferdinand Marcos Jr. said.

This year, 50 GOCCs are expected to remit a record P147.15 billion in dividends to the national government.

Of this amount, P139.8 billion had already been collected, surpassing the previous year’s collection by 29 percent.

President Marcos Jr. said these funds are enough to build 40,000 classrooms, 165,000 homes, or 9,300 kilometers of farm-to-market roads.

Strengthens government’s capacity

“Every dividend from remittances transmitted by the GOCCs strengthens the capacity of the government to invest in the future of the Filipino people,” Finance Secretary Frederick D. Go said. “These dividends do more than strengthen our public finances. They help expand investments in infrastructure, education, healthcare, and other programs that support our country’s progress.”

BCDA subsidiaries, namely Clark Development Corporation, Clark International Airport Corporation, Poro Point Management Corporation and John Hay Management Corporation, were recognized for their strong financial performance and valuable contributions to nation-building. They remitted dividends amounting to P2.597 billion, P585.71 million, P16.67 million and P11.51 million, respectively.

AFP modernization

Beyond its dividend remittance, BCDA also contributed P3.09 billion to the Bureau of the Treasury this year in support of the Armed Forces of the Philippines Modernization Program, reinforcing its mandate to help build a stronger economy while advancing national security.