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...
The Marcos administration’s subsidies to government-owned and -controlled corporations (GOCCs) significantly decreased last year, hitting a six-year low. The latest data from the Bureau of the Treasury (BTr) revealed that GOCCs received a total of ₱138.8 billion in state subsidies from January...
The government raised its budgetary support to state-run firms by 31 percent to P9.7 billion in May, with the bulk of the subsidies intended to support the agriculture sector. Data from the Bureau of the Treasury showed subsidies to government-owned and controlled corporations (GOCCs) in May...
The Kilusang Magbubukid ng Pilipinas (KMP) on Wednesday, Oct. 25 led farmer groups in echoing calls for the "full abolition" of the confidential intelligence funds (CIF) and "to rechannel" the budget for agricultural subsidies and social services. Photo credit to Pixabay According to the assembly's...
The Department of Budget and Management (DBM) said the government has P500 million remaining to allocate for additional fuel subsidies in the transport sector. Budget Secretary Amenah F. Pangandaman said the Marcos administration is committed to address the escalating commodity prices, despite...
4Ps Party-list Rep. Marcelino Libanan (Facebook) If House Minority Leader Marcelino Libanan would have his way, he would double to P7 billion the direct fuel subsidies for public transport drivers, fisherfolk, and farmers under the proposed P5.768-trillion...
House Deputy Minority leader and ACT Teacher's party-list Rep. France Castro on Monday, May 1, urged the Marcos administration to rechannel the budget of the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC) to fund the fuel subsidies for Occidental Mindoro. "Nasasayang...
BRUSSELS, Belgium -- Confronted by competition from Washington's vast green tech investment plan, European leaders opened the way Friday towards a relaxation of their own restrictions on state aid. Meeting at their summit in Brussels, the 27 leaders agreed that a response was necessary to counter...
Trade and Industry Secretary Alfredo E. Pascual said the Philippines is in the process of ratifying the Agreement on Fisheries Subsidies emphasizing that one of the priorities of the Marcos administration is to advance agriculture negotiations. Pascual made this commitment on the last day of the...
The P500-million increase in the 2023 budget for direct fuel subsidies or "ayuda" to public utility vehicle (PUV) drivers will help the government cope with uncertainties in the world oil market. (MANILA BULLETIN) Quezon City 4th district Rep. Marvin Rillo of the House Committee on Appropriations...
The legislative lever of Congress is sought on the proposed revamping of the multi-tiered taxes in the power sector to reduce the pass-on tariff in the electric bills of consumers by as much as P1 per kilowatt hour. The power tax components being recommended for scrapping include those on public...
Farmers slammed President and Department of Agriculture (DA) Chief Ferdinand “Bongbong” Marcos Jr.’s proposal to prioritize the implementation of farm-to-market network system, calling it a “magnet for corruption.” (Image courtesy of the Department of Agriculture) Marcos, on Monday, July...
