THE Department of Finance (DoF) said non-performing government-owned and -controlled corporations (GOCCs) could be abolished to free up public resources. In a radio interview on Saturday, Mr. Go said around 10% of GOCCs could be abolished. In June, subsidies extended to GOCCs more than doubled to P16.56 billion from the same month a year earlier. Despite this, Mr. Go said GOCC dividend remittances have reached record levels under the Marcos administration. Public construction plunged 32.4% in the second quarter as infrastructure agencies remained cautious following the flood control corruption scandal last year.