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flag Philippine state-run firm subsidies down.

flag The national government’s subsidies to state-run and -owned firms slid by 18.4 percent in 2023, according to data released by the Bureau of the Treasury (BTr). flag The recent cash operations report showed that financial support to government-owned and -controlled corporations totaled to P163.54 billion last year. flag In comparison, a higher amount was disbursed in the previous year, then reaching P200.41 billion. flag The top recipient was the Philippine Health Insurance Corp. (PhilHealth) with P50.75 billion.

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