Data from the Bureau of the Treasury showed that subsidies to government-owned and controlled corporations (GOCCs) from January to September went down by 23 percent to P105.24 billion from P137.13 billion in the same period last year.
During the period, subsidies for other government corporations dropped by 57 percent to P33.47 billion from P78.26 billion a year ago. This category accounted for 32 percent of the total.
On the other hand, budgetary support for major non-financial government corporations reached P66.35 billion, rising by 14 percent. This comprised 63 percent of the total subsidies.
The remaining five percent, or P5.43 billion, went to government financial institutions, primarily the Philippine Crop Insurance Corp.
Denne historien er fra November 04, 2024-utgaven av The Philippine Star.
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Denne historien er fra November 04, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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SULTAN OF SLAMS REIGNS
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4 US Navy Personnel Safe After Polilio Emergency Landing
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Kanlaon Volcano ashfall hits 9 barangays
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Poll bets told: Disclose SOCE, campaign materials
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Imee: Impeachment complaint sat in House for 2 months
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Big-Ticket REIT IPOs Unlikely to Push Through This Year
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