Tag page - government subsidy

The national government reduced the amount of subsidy to government owned and controlled corporations (GOCCs) amid the widening budget deficit, based on data from the Bureau of the Treasury. Financial support extended to state-owned corporations amounted to P145.87 billion from January to September...

Despite difficulties in raising revenues amid the pandemic, the national government opted to increase the amount of subsidy it extended to state-owned corporations due to mounting health insurance claims. Data from the Bureau of the Treasury revealed that the financial support extended to...