State-owned firms’subsidies decline 23%

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State-owned firms’subsidies decline 23%
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Subsidies to state-run firms declined 23.2 percent in the first nine months of 2024 from a year ago, the Bureau of the Treasury (BTr) said over the

Subsidies to state-run firms declined 23.2 percent in the first nine months of 2024 from a year ago, the Bureau of the Treasury said over the weekend.

The lion’s share of the subsidies released to state-run firms in September, amounting to P9.33 billion, went to the Philippine Health Insurance Corp. The BTr earlier reported a P273.3-billion budget deficit in September 2024, slightly higher than the previous year’s P250.9 billion deficit, according to the Bureau of Treasury .

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