The Marcos administration’s subsidies to government-owned and/or -controlled corporations (GOCCs) decreased substantially—by over 40 percent—in February from last year’s ₱12.7 billion.

The latest data from the Bureau of the Treasury (BTr) showed that GOCCs received a total of ₱7.6 billion in state subsidies in February 2025, a ₱5.1-billion drop compared to February last year’s figure.

By amount, collective subsidies for major non-financial government corporations posted the largest decline, by ₱6.6 billion. From ₱9.8 billion in February last year, subsidies to these GOCCs were reduced by more than 67 percent to ₱3.2 billion.

Subsidies to the National Irrigation Administration (NIA), which constituted the majority of last year’s total, accounted for all subsidies to major non-financial GOCCs in February. It decreased by ₱3.9 billion, representing a nearly 55-percent decline from ₱7.1 billion a year ago.

NIA is primarily responsible for the development and management of irrigation systems to support the country’s agricultural sector.

Likewise, government financial institutions (GFIs) only received over six percent of the ₱1-billion support it received last year. February’s figure decreased by ₱937 million, or almost 94 percent, to ₱63 million.

Meanwhile, the government increased its financial support to other GOCCs to ₱4.3 billion, from ₱1.9 billion. This translates to a ₱2.4-billion, or over 126-percent, increase.

Subsidies worth ₱1.9 billion given to the Bases Conversion and Development Authority (BCDA) accounted for the majority, or over 80 percent, of this increase. Zero subsidy was given to this corporation last year.

Philippine Fisheries Development Authority (PFDA) also received no support last year, but the government released ₱975 million in February 2025.

For the first two months of 2025, the national government already released ₱12-billion worth of subsidies to state corporations. Measured against the same period in 2024, end-February’s total was lower by over ₱700 million.