BSP chief tops list of highest paid government officials

BSP Governor Eli Remolona Jr. led the annual list of highest-paid government officials with a net pay of P52.756 million in 2025, according to the Commission on Audit.

According to the Commission on Audit’s 2025 Report on Salaries and Allowances, Remolona’s net pay rose from P47.97 million in 2024 and P35.46 million in 2023. His compensation included P12 million in basic pay, P18.02 million in allowances, and P21.67 million in bonuses and benefits.

Fourteen other Bangko Sentral ng Pilipinas officials placed in the top 20. They included Deputy Governor Elmore Capule with P36.015 million and senior assistant governor Johnny Noe Ravalo with P30.588 million.

Remolona received zero compensation from the 10 other government-owned corporations where he served on the boards. All his pay came from the BSP.

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Senator Gerardo Fernández Noroña passionately defends his son's high CFE salary at a press conference amid nepotism controversy.
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Noroña defends son's CFE salary amid criticisms

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Senator Gerardo Fernández Noroña defended his son Kin Yael Villafaña Morán's job and pay at the Federal Electricity Commission (CFE), calling accusations a 'vile campaign'. The controversy erupted after taunts from Luis Felipe Calderón Zavala on social media about alleged nepotistic promotion. Patrimonial declarations show the son reported over one million pesos in net income in 2024.

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President Claudia Sheinbaum announced plans to eliminate millionaire pensions for former officials, including that of José Ángel Gurría, who receives 120,000 pesos monthly from Nafin. The initiative aims to set a cap of around 70,000 pesos, equivalent to 50% of the presidential salary. This reform will be presented in the coming days and will affect trust officials, excluding the Armed Forces.

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Following Minister Flávio Dino's February monocratic suspension of certain extra payments—which drew support from retirees and entities but opposition from courts like TJ-SP—Brazil's Supreme Federal Court (STF) on March 25 approved Dino's transitional rules capping 'penduricalhos' at 35% of the R$ 46,366.19 constitutional subsidy for judiciary and public prosecutors, until national legislation. The decision bans perks like 'auxílio-peru' and projects R$ 7.3 billion in annual savings.

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