GOCC subsidies lower last year at P165.53B

SUBSIDIES to government-owned and -controlled corporations (GOCCs) fell last year compared to 2022, Bureau of the Treasury data showed. At P165.53 billion, the budgetary support was 17.4 percent lower than the year-earlier P200.4 billion based on the Treasury’s latest cash operations report. Register to read this story and more for free. Signing up for an […]

Tomas Kauer - News Moderator Tomas Kauer - News Moderator
Mar 18, 2024 - 05:50
GOCC subsidies lower last year at P165.53B

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SUBSIDIES to government-owned and -controlled corporations (GOCCs) fell last year compared to 2022, Bureau of the Treasury data showed.

At P165.53 billion, the budgetary support was 17.4 percent lower than the year-earlier P200.4 billion based on the Treasury’s latest cash operations report.

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