Despite a year-long trend of declining government support, state-owned corporations, particularly major non-financial institutions, received a substantial boost in subsidies in November last year Data from the Bureau of the Treasury (BTr) showed that state subsidies to government-owned and...
The Marcos administration lowered its financial support for government-owned and -controlled corporations (GOCCs) in July, data from the Bureau of the Treasury showed. The Treasury report revealed that the national government allocated P10.92 billion to support state-owned companies in July, a 69...
The Department of Finance (DOF) has announced its plan to mobilize billions of pesos of dormant funds held by state-owned corporations to bolster government efforts in health, social services, and infrastructure development. In a statement on Monday, July 15, the DOF said that tapping into these...
The national government reduced the amount of subsidy to government owned and controlled corporations (GOCCs) in March this year, based on data from the Bureau of the Treasury. Financial support extended to state-owned corporations amounted to P6.87 billion in March, down by 36 percent compared...
The amount of subsidy the Marcos administration extended to government-owned and controlled corporations (GOCCs) was raised to 35 percent in February, as the bulk of it went to the National Irrigation Administration (NIA). Based on the Bureau of the Treasury data, financial support extended to...
The national government slashed the amount of subsidy it extended to government-owned and controlled corporations (GOCCs) to around 18 percent last year, but bulk of it went to the Philippine Health Insurance Corp. (Philhealth). Financial support extended to the state-owned companies plunged to...
The Department of Finance (DOF) reported a substantial increase in dividends remitted by state-run companies last year, with over half of the total amount came from the Bangko Sentral ng Pilipinas (BSP). Data from the DOF showed that government-owned or -controlled corporations (GOCCs) sent a total...
Government subsidies to state-owned companies increased in November, with the majority of the funds being allocated to the National Irrigation Administration (NIA) and the National Food Authority (NFA). Data from the Bureau of the Treasury showed that government-owned and -controlled corporations...
The Bureau of the Treasury reported that state-run companies' financial independence strengthened in October this year, as the national government's subsidy to these corporations decreased. Based on the Treasury bureau’s report, the total subsidies granted to government owned and controlled...
State-run National Housing Authority (NHA) received the largest subsidy support from the national government in September this year to aid its goal of ensuring the country’s housing programs, data from the Bureau of the Treasury showed. The national government gave away P21.26 billion in...
The Bureau of the Treasury reported that government subsidies to state-owned companies increased in July, with the majority of the funds being used to support the universal healthcare program. The national government provided P33.24 billion in financial aid to government-owned and controlled...
The national government substantially increased the amount of subsidy it extended to government owned and controlled corporations (GOCCs) last January, particularly to the National Irrigation Administration (NIA). Financial support extended to the state-owned companies accelerated in the first...
