Wealth

The Philippines' Top 10 Paid Government Officials Come from Bangko Sentral ng Pilipinas

BSP Governor Benjamin Diokno led this year’s list.
IMAGE WIKIMEDIA COMMONS, SHUTTERSTOCK
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All 10 slots in this year’s list of top 10 highest-paid government officials were taken by the Philippines’ central bank, Bangko Sentral ng Pilipinas (BSP).

Based on the 2021 Report on the Salaries and Allowances (ROSA) released by the Commission on Audit (COA), BSP Governor Benjamin Diokno led this year’s ranking with a recorded income of P41.812 million in the year 2021. This is double his 2020 salary of P18.79 million and the second time he has topped the highest-paid governor official list. 

According to the ROSA breakdown, a bulk of Diokno’s income came from his P12 million basic salary, topped off by over P14 million in allowances and P13 million in bonuses and benefits. 

Diokno has been appointed to the cabinet of incoming president Ferdinand “Bongbong” Marcos as his administration’s chosen secretary of the Department of Finance. 

Joining the BSP Governor of the top 10 list are: 

2| BSP-Monetary Board member Victor Bruce J. Tolentino – P23.29 million

3| BSP-MB member Felipe M. Medalla – P21.83 million

4| BSP-MB member Antonio S. Abacan Jr. – P21.71 million

5| BSP-MB member Peter B. Favila – P21.67 million

6| BSP-MB member Anita Linda R. Aquino – P21.43 million

7| BSP Deputy Gov. Chuchi G. Fonacier – P20.24 million

8| BSP Deputy Gov. Maria Almasara Cyd T. Amador – P20.18 million

9| BSP Deputy Gov. Francisco G. Dakila Jr. – P17.83 million

10| BSP senior assistant governor Ma. Ramon Gertrudes T. Santiago – P17.38 million.

COA’s annual list tracks the income of over 9,000 government officials from almost 1,000 national government agencies, government-owned and controlled corporations, state universities, water districts, and other entities filed under the government. As such, the list excludes elected government officials like the President, Vice President, senators, and congressmen. 

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