Home2024October (Page 97)

PHILSTARBUDGETARY 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