GOCC subsidies drop in August
BUDGETARY support for state-owned corporations fell sharply in August, the Bureau of the Treasury said. Subsidies provided to government-owned and -controlled corporations (GOCCs) dropped 51.93% year on year to P9.1 billion. Month on month, GOCC subsidies fell 15.1% from P10.72 billion in July. State-owned firms receive monthly subsidies from the government to support their daily […]
Tomas Kauer - News Moderator 
BUDGETARY support for state-owned corporations fell sharply in August, the Bureau of the Treasury said. Subsidies provided to government-owned and -controlled corporations (GOCCs) dropped 51.93% year on year to P9.1 billion. Month on month, GOCC subsidies fell 15.1% from P10.72 billion in July. State-owned firms receive monthly subsidies from the government to support their daily […]
