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Gov't to reinvest P8.96B dividend to benefit all Filipinos
The Freeman
|July 02, 2025
Finance Secretary Ralph G. Recto has assured the public that the Power Sector Assets and Liabilities Management (PSALM) Corporation’s record-high dividend remittance of P8.96 billion to the National Treasury will be channeled into vital programs that directly benefit the Filipino people.
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During the turnover ceremony on June 30, 2025, Secretary Recto emphasized that every peso from the remittance will be invested back into the nation, funding essential projects that will improve the lives of citizens.
“We will make sure every peso you contribute will be felt by the people. It will be used for programs that matter most,” he said.
The dividend remittance aligns with President Ferdinand R. Marcos, Jr.’s directive to maintain fiscal discipline among government-owned or controlled corporations (GOCCs), maximizing non-tax revenues to fund priority programs.
Dit verhaal komt uit de July 02, 2025-editie van The Freeman.
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