Pagcor Deductions To The National Treasury Philippines Reached 18 Billion Pesos

Home » Casino News » Pagcor Deductions To The National Treasury Philippines Reached 18 Billion Pesos
March 9, 2022
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Pagcor's Vice President of Finance Balthazar-Jr. Rektzar (Right) Transmits a Check in the Amount of 1 Billion Pesos Acting An Employee of the Treasury and Director of the Ak Management Service

Despite the negative impact of the pandemic, the philippine entertainment corporation and games (pagcor) on january 5 made another contribution to the national treasury 1 billion pesos ($ 20.79 million), as a result of which the total amount of revenues for 2019 amounted to 18 billion pesos (374, 3 million us dollars).

Latest contributions on behalf of pagcor are mainly aimed at financing the government’s efforts to contain the dissemination of covid-19 and to provide economic assistance to companies and individuals affected by pandemic.

"Our agency still experiences financial diffiuties due to the limitations of game operations, but it will not prevent us from fulfilling their own obligations to the national government, especially during the pandemic period,

– said the vice president of pagcor for finance and treasury reco baltazar ml.

We are highly appreciated by the contribution of pagcor, escecially now. As you may committed to an increase in the declined tax revenues. And these funds will help the government in the fight against covid-19,

– reported director of the asset management service eduardo anthony marino iii, ml.

Pagcor transferred 5 billion pesos to the state treasury on june 6, 2020 in addition to 12 billion pesos translated on march 23 2020. Thancy remains in the top three of the largest state and controlled corporations with the bangko sentral ng pilipinas (bsp) and the philippine deposit insurance corporation (pdic).

Source: official site pagcor

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