THE Bases Conversion and Development Authority (BCDA) remitted P8.42 billion in asset-disposition proceeds to the Bureau of the Treasury on Thursday, bringing its remittances from asset sales to P11.5 billion this year.
The agency said the payment was more than three times higher than its P3.1-billion contribution from asset-disposition proceeds in 2025.
Including P2.6 billion in dividends remitted in May, BCDA’s payments to the Treasury reached a record P14.1 billion total this year.
The proceeds will go to beneficiary agencies, with the largest share allocated to the Armed Forces of the Philippines.
BCDA President and Chief Executive Officer Joshua M. Bingcang said the payments would help fund military modernization and other government programs. He expects another P6-billion remittance during Government-Owned or -Controlled Corporations Day next year.
From 2022 to 2026, BCDA remitted P25.286 billion in asset-disposition proceeds to the National Government. — Justine Irish D. Tabile