PCGG ₱820M tops Marcos priva revenue

The Marcos administration’s privatization income was cut by more than half at end-September, failing to meet targets despite the ₱820 million contribution from the Presidential Commission on Good Government (PCGG).

- DERCO ROSAL

Data from the Bureau of the Treasury (BTr) showed that revenues from the government’s privatization program dropped to ₱1.4 billion in January to September this year from ₱3.1 billion in the same period in 2024.

This amount represents a little over a quarter of the revised ₱5-billion privatization goal for 2025.

More than half, or 56.5 percent, of the year-to-date privatization revenue total came from PCGG remittances. The BTr reported ₱767 million as of end-September, while the PCGG told Manila Bulletin that its total remittances since January had already reached 823.3 million.