Conscious Investing Today
  • Top News
  • Business Insider
  • Economic Indicators
  • Investing Ideas
  • Politics News
  • Stock Analysis
  • Editor’s Pick
No Result
View All Result
  • Top News
  • Business Insider
  • Economic Indicators
  • Investing Ideas
  • Politics News
  • Stock Analysis
  • Editor’s Pick
No Result
View All Result
Conscious Investing Today
No Result
View All Result
Home Politics News

GOCC subsidies fall nearly 28% in February

by
April 4, 2021
in Politics News
0
GOCC subsidies fall nearly 28% in February
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT
PHILSTAR

SUBSIDIES GRANTED to government-owned and -controlled corporations (GOCCs) fell 27.7% from a year earlier in February to P7.581 billion, the Bureau of the Treasury reported.

The National Irrigation Administration received 65.9% of the total with P4.994 billion, down 15% from a year earlier.

The Bases Conversion Development Authority received P720 million, the Small Business Corp. P300 million and the Philippine Heart Center P296 million.

Other top recipients were the National Kidney Transplant Institute (P213 million), Philippine Children’s Medical Center (P209 million), Light Rail Transit Administration (P170 million), and Philippine Rice Research Institute (P155 million).

ADVERTISEMENT

Towards the bottom of the subsidy list were the Subic Bay Metropolitan Authority (P2 million), Philippine Health Insurance Corp. (P3 million), the Aurora Pacific Economic Zone and Freeport Authority and Zamboanga City Special Economic Zone Authority (P8 million each), and the Tourism Infrastructure and Enterprise Zone Authority (P9 million).

The government subsidizes GOCCs firms to cover operational expenses not supported by their revenue.

It budgeted P148.188 billion for GOCC subsidies this year, down 22%. — Beatrice M. Laforga





Related Posts

World Bank: More than half of Filipinos have bank accounts
Politics News

World Bank: More than half of Filipinos have bank accounts

June 29, 2022
Gov’t awards port projects in Palawan, Leyte and Batangas
Politics News

Gov’t awards port projects in Palawan, Leyte and Batangas

June 29, 2022
Q2 office demand more than doubles
Politics News

Q2 office demand more than doubles

June 29, 2022
Next Post
Telemedicine hampered by lack of doctors, connectivity in rural areas

Telemedicine hampered by lack of doctors, connectivity in rural areas

ERC outlines inspection procedure for meters, instrument transformers

ERC outlines inspection procedure for meters, instrument transformers

Institutional investors seen abandoning fossil fuel

Institutional investors seen abandoning fossil fuel

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Categories

  • Economic Indicators
  • Editor's Pick
  • Investing Ideas
  • Politics News
  • Stock Analysis

Popular News

  • A Minute With: Family Reunion cast on relatable story lines

    A Minute With: Family Reunion cast on relatable story lines

    0 shares
    Share 0 Tweet 0
  • Twitter launches ‘Milk Tea Alliance’ emoji as movement grows

    0 shares
    Share 0 Tweet 0
  • Gas and car bills to soar under green revolution

    0 shares
    Share 0 Tweet 0
  • Level up your gaming experience with vivo Y20s [G]

    0 shares
    Share 0 Tweet 0
  • Rehab, expansion of General Santos airport seen completed by Q2

    0 shares
    Share 0 Tweet 0
No Result
View All Result

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Highlights

Tips for Cutting a Cigar without a Cutter

World Bank: More than half of Filipinos have bank accounts

Gov’t awards port projects in Palawan, Leyte and Batangas

Q2 office demand more than doubles

Peso sinks to P55-a-dollar level

South Korean office workers hit convenience stores as ‘lunch-flation’ bites

Trending

How to Stay Safe while Jet Skiing
Editor's Pick

How to Stay Safe while Jet Skiing

by
June 29, 2022
0

Jet skiing is a fun and safe water sport with many physical and health benefits. However, as...

5 Tips for Online Casino Promotions

5 Tips for Online Casino Promotions

June 29, 2022
Getting to Know You: Frank Farricker, President of Lockwood and Meade Real Estate

Getting to Know You: Frank Farricker, President of Lockwood and Meade Real Estate

June 29, 2022
Tips for Cutting a Cigar without a Cutter

Tips for Cutting a Cigar without a Cutter

June 29, 2022
World Bank: More than half of Filipinos have bank accounts

World Bank: More than half of Filipinos have bank accounts

June 29, 2022

Disclaimer: ConsciousInvestingToday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2021 ConsciousInvestingToday. All Rights Reserved.

No Result
View All Result
  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.