The Philippine government aims to sell more state assets next year to increase revenues, following the approval of new guidelines for privatization by the Privatization Council. The Department of Finance (DOF) highlights the importance of these guidelines for ensuring transparency and clarity in the process. The DOF reports that privatization efforts have already generated significant revenue this year, exceeding P4.44 billion from the disposition of assets
THE national government intends to sell more of its assets to shore up revenues next year, especially after the recent approval of the guidelines on the Privatization and Disposition of Government Assets by the Privatization Council , according to the Department of Finance .
Privatization has already helped shore up revenues this year as the DOF said it collected P4.44 billion from the Privatization Management Office’s disposition efforts as of the end of December 2024. This is more than double or 129 percent higher than the same period last year. The government is expected to generate roughly P900 billion in revenues from this deal over the entire term, which is a 15-year concession period, extendable by another 10 years.
This exceeds the Budget of Expenditures and Sources of Financing target for the year by P407.6 billion or more than triple or 204.9 percent and the 2023 level by P211.8 billion or 53.6 percent.
Privatization Government Assets Revenue Philippines DOF
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