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GOCC subsidies fall 66% in July - BusinessWorld

GOCC subsidies fall 66% in July - BusinessWorld
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GOCC subsidies fall nearly 28% in February

April 4, 2021 | 8:16 pm
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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).
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 Econ ....

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GOCC subsidies top P230 billion in 2020, up more than 14%

March 7, 2021 | 7:49 pm
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SUBSIDIES PROVIDED to government-owned and -controlled corporations (GOCCs) rose 14.34% in 2020 to P230.418 billion, with close to half going to the Philippine Health Insurance Corp. (PhilHealth) and the Social Security System (SSS), which implemented a wage subsidy program designed to keep workers employed during the pandemic.
The subsidy totals were released by the Bureau of the Treasury over the weekend.
The overall subsidies exceeded the reduced P191-billion budget for the year by 53%.
In December, subsidies rose 68% to P42.561 billion.
Some P113 billion went to PhilHealth and the SSS, with the former receiving support for its increased coverage for coronavirus disease 2019 (COVID-19) cases and the pension fund implementing the wage subsidy program. ....

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