President Ferdinand Marcos Jr. on Wednesday recognized the Philippine Charity Sweepstakes Office (PCSO) as one of the country’s top-performing Government-Owned and Controlled Corporations (GOCCs).
PCSO earned a place among the Top 15 GOCC contributors for its substantial dividend remittance to the National Government during the 2026 GOCC Day held in Malacañang Palace.
The recognition rites were led by President Marcos and Special Assistant to the President for Investment and Economic Affairs, Secretary Frederick Go.
In a statement on Friday, Go commended GOCCs for their outstanding financial performance and continued contributions to nation-building through higher dividend remittances, emphasizing that the dividends remitted by GOCCs are a vital source of revenues that help finance the government’s priority programs, including investments in infrastructure, education, healthcare and other initiatives that improve the lives of Filipinos.
As one of the country’s leading revenue generating GOCCs, the PCSO continues to fulfill its dual mandate of generating funds for charity while supporting the national government through dividend remittances.
The agency’s revenues from its gaming operations enable the ongoing implementation of various charitable programs, including medical assistance, donations of patient transport vehicles, institutional partnerships, corporate social responsibility initiatives, and other services benefiting millions of Filipinos nationwide.
The PCSO’s inclusion among the country’s top dividend contributors reflects the agency’s commitment to sound fiscal management, transparency and responsible governance while ensuring that its charitable mission remains at the forefront of its operations.
This year, 50 GOCCs collectively recorded a historic PHP147.15 billion in dividend remittances, representing a 29-percent increase from the previous year’s collection.
Of the total amount, PHP140 billion has already been remitted to the national government, with the remaining balance expected to be completed before the end of the year.
The recognition further underscores the PCSO’s continuing role not only as the government’s principal partner in providing medical and health-related assistance to Filipinos but also as a reliable contributor to the national government’s revenue generation efforts, helping fund programs that promote inclusive growth and national development.
The PCSO remains steadfast in its commitment to serving the Filipino people, continuing its mission of bringing hope, compassion and meaningful assistance to those in need. (PNA)
