Philippines: GOCC subsidies drop 70% in February
MANILA, Philippines — The national government extended P2.77 billion in subsidies to government-owned and-controlled corporations (GOCCs) in February, the bulk of which went to irrigation and agriculture programs, according to the Bureau of the Treasury (BTr). Based on the latest cash operations report of the Treasury, government subsidies to state corporations reached P2.77 billion in […]
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