MANILA — President Ferdinand “Bongbong” Marcos Jr. has ordered government-owned or -controlled corporations (GOCCs) to overhaul their operations through modernization and red-tape cuts, warning that efficiency and transparency must match their record-breaking fiscal contributions.
“My challenge to our GOCCs is to invest in modern technology, simplify our processes, and cut down on red tape so that every Filipino enjoys easy, fair, and dignified access to the services that they deserve,” Marcos declared at the 2025 GOCCs Day celebration.
The President highlighted the dramatic growth of GOCC dividend remittances—from just ₱36 billion annually between 2011 and 2013, to ₱137 billion in 2024, and already more than ₱106 billion this year.
“And through their contributions, we have built infrastructure, expanded services, invested in communities—especially those that have long been marginalized,” he said, underscoring how fiscal discipline in the government corporate sector funds crucial national programs.
Marcos also rewarded the workforce driving these gains, approving the Compensation and Position Classification System (CPCS) II, which raises GOCC salaries retroactive to January 1, 2025, for agencies that had already adopted CPCS I.
“And in support of the hardworking men and women who make this possible, I have approved the Compensation and Position Classification System II that will increase the salaries of GOCC employees. Well-deserved naman,” he said.
He further approved a tiered medical allowance for GOCC personnel, depending on their agency’s financial capacity. “I have also approved the provision of a tiered medical allowance for GOCC employees depending on the capacity, of course, of the GOCC,” he added.
First established in 2011, GOCCs Day is organized yearly by the Department of Finance to recognize the sector’s contributions to national development./PN
