GOCC subsidies rise to P200 billion in 2022
Budgetary support to state-run firms inched up by eight percent to P200 billion last year, largely to finance the health and agriculture sectors, even amid a tight fiscal space.
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Budgetary support to state-run firms inched up by eight percent to P200 billion last year, largely to finance the health and agriculture sectors, even amid a tight fiscal space.
The country’s budget shortfall slightly narrowed last year, with its share to the overall economy also easing, after the government secured better revenue streams as business activities returned to normalcy with COVID cases declining.
SUSTAINABLE DEVELOPMENT. Delfin Lorenzana, chairperson of the Bases Conversion and Development Authority delivers his message during the BCDA Fellowship for Central Luzon Media at Hilton Clark Sun Valley Resort in Clark, Pampanga province on Tuesday (Feb. 28, 2023). Lorenzana calls on all sectors to unite for the progress and development of New Clark City as well as nearby areas in Central Luzon. (Photo by Marna Del Rosario) CLARK FREEPORT, Pampanga - The Bases Conversion and Development Authority (BCDA) is seeking to harness the potential of the New Clark City into a smart, sustainable and in...
A permanent nine-storey residential building for Philippine Navy (PN) personnel will rise in Fort Bonifacio, Taguig City in 2025, the PN said on Saturday, Feb. 25. Photo: BCDA This, after officials from the Bases Conversion and Development Authority (BCDA) and the Department of National Defens
The administration-backed Virology Institute of the Philippines (VIP) will be the “game changer” in the country’s fight against emerging illnesses and offer better protection to the public in future pandemics, Deputy Speaker and Las Piñas Rep. Camille Villar said on Thursday. “In the recent coronavirus pandemic, we have seen the…