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There are around 133 government-owned and controlled corporations (GOCCs) operating in various sectors in the Philippines like agriculture, transportation, and infrastructure. The poor performance of many GOCCs has contributed to fiscal deficits for the public sector. As an institution that oversees GOCCs, the Senate has an important role in reforming this sector. A study was conducted of 16 selected GOCCs over a six year period to establish a performance baseline and examine governance practices to improve performance. The study aims to contribute to finding the right policy mix to strengthen the country's fiscal position.
There are around 133 government-owned and controlled corporations (GOCCs) operating in various sectors in the Philippines like agriculture, transportation, and infrastructure. The poor performance of many GOCCs has contributed to fiscal deficits for the public sector. As an institution that oversees GOCCs, the Senate has an important role in reforming this sector. A study was conducted of 16 selected GOCCs over a six year period to establish a performance baseline and examine governance practices to improve performance. The study aims to contribute to finding the right policy mix to strengthen the country's fiscal position.
There are around 133 government-owned and controlled corporations (GOCCs) operating in various sectors in the Philippines like agriculture, transportation, and infrastructure. The poor performance of many GOCCs has contributed to fiscal deficits for the public sector. As an institution that oversees GOCCs, the Senate has an important role in reforming this sector. A study was conducted of 16 selected GOCCs over a six year period to establish a performance baseline and examine governance practices to improve performance. The study aims to contribute to finding the right policy mix to strengthen the country's fiscal position.
Regardless of restructurings undertaken in the past, according to the Commission on
Audit, there remain around one hundred thirty three government-owned and controlled corporations
(GOCCs)
operating
in
the
areas
of
agriculture,
transportation,
infrastructure, public utilities, provision of housing, industrial development and finance.
The dismal performance of many of these corporations has contributed to the fiscal deficits of the public sector. As an institution tasked to conduct oversight on GOCCs, the Senate has a crucial role in the effort to institute the necessary reforms in this sector. Hence, the Senate should be equipped with pivotal information that will help the Senators to better assess GOCC performance and its over-all role in the economy. In this regard, the Senate Economic Planning Office (SEPO) has embarked on a research project titled, A Profile of Selected Government-Owned and -Controlled Corporations (GOCCs) with funding support from the United Nations Development Program (UNDP) under its Programme on Fostering Democratic Governance. Specifically, the study establishes a baseline database on the operations and financial status of 16 selected GOCCs for a six-year period, 1999 to 2004. It also takes a look at governance practices of these corporations to gain insights on how best to improve their performance. This study is SEPOs contribution to the ongoing search for the right policy mix to
Government Owned and Controlled Corporations: Their Impact on the
Philippine Government and Economy enhance the countrys fiscal position. The staff of SEPO undertook and completed this research with inputs from Ms. Mercedes B. Suleik, project consultant, and the cooperation and support of the selected GOCCs key officers and staff, who provided vital information on their respective corporations. I deeply appreciate the commitment and hard work of the SEPO officers, as well as the research and support staff assigned to this project, without whom this would not have been completed.
Key words: Corporate Social Responsibility, Customer Satisfaction, Firm Value,
Financial Performance, Reputation.
References:
Government Owned and Controlled Corporations: Their Impact on the