PCSO named one of best-performing GOCCs
THE Governance Commission for GOCCs (GCG) on Monday named the Philippine Charity Sweepstakes Office (PCSO) as one of the most improved and best-performing government-owned and controlled corporations (GOCCs).
GCG recognized the PCSO for its remarkable accomplishments, outstanding disclosure practices and high performance ratings in the inaugural GOCC Governance Awards ceremony held at the Philippine International Convention Center.
President Ferdinand «Bongbong» Marcos Jr. extended his congratulations to the GOCCs for demonstrating excellence and urged them to «uphold accountability, transparency and integrity in [their] endeavors so that we can serve our people best, more efficiently, and more effectively.»
The PCSO earned the GCG nod after it achieved an impressive performance scorecard rating of 92.03 percent for 2022.
The Performance Evaluation System of the GCG is the process of appraising the accomplishments of GOCCs in a given fiscal year, based on a set of performance criteria, targets and weights reported in a performance scorecard.
After a thorough validation by the GCG, the PCSO exceeded most of its targets set last year, particularly in gross revenue/sales, collection efficiency and budget utilization.
The PCSO has also shown a solid commitment to rationalizing the use of charity funds, improving process efficiency, maintaining ISO certification and ensuring the timely distribution of mandatory contributions.
The agency's score of 92.03 percent in 2022 is a huge leap of 35.73 percent compared to its 2021 score of 56.30 percent.
PCSO General Manager Mel Robles thanked the GCG «for recognizing the hard work, commitment and dedication of the PCSO employees.»
«I give this recognition to all the hardworking and honest staff of PCSO who really work hard so that we can provide even more help to our citizens in need,» he said.
In 2022, the PCSO surpassed its annual sales target of P46.1 billion by 125 percent.
It generated gross receipts of P57.51 billion from various gaming products, including Lotto, Digit Games, Small Town Lottery and Scratch It.
