SUBSIDIES to government-owned and -controlled corporations (GOCCs) totaled P18.22 billion in September, more than double compared to the P9.1 billion in August, but down by 14.3 percent from P21.26 billion in the same period last year, according to data from the Bureau of the Treasury.
SUBSIDIES to government-owned and -controlled corporations totaled P18.22 billion in September, more than double compared to the P9.1 billion in August, but down by 14.3 percent from P21.26 billion in the same period last year, according to data from the Bureau of the Treasury.Total subsidies from January-September were at P105.24 billion, 23.3 percent lower than the P137.13 billion in the same period last year.
03 billion in August but remarkably lower than the P16.64 billion a year earlier.Disbursements to other state-owned firms, meanwhile, climbed to P10.66 billion from P4.63 billion a year earlier and P1.08 billion in August. On the other hand, allocations from January to September plunged to P33.47 billion from last year's P78.26 billion.The Philippine Health Insurance Corp. took the lion's share of September subsidies at P9.44 billion from zero last year.
Subsidies Down In Sept. From Year Ago
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