BCDA Contributes P5.7 Billion to Philippine National Treasury

The Bases Conversion and Development Authority (BCDA) has remitted P5.7 billion to the National Treasury, bolstering government funds for infrastructure and social services. The payment represents the agency's share of revenues from its operations, including lease agreements and property sales. BCDA President and CEO Aileen Zosa emphasized the commitment to supporting national development through timely remittances. The contribution is part of the BCDA's mandate to convert former military bases into productive economic zones, generating income for the state.