Philippine state-run firm subsidies down.

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). The recent cash operations report showed that financial support to government-owned and -controlled corporations totaled to P163.54 billion last year. In comparison, a higher amount was disbursed in the previous year, then reaching P200.41 billion. The top recipient was the Philippine Health Insurance Corp. (PhilHealth) with P50.75 billion.

March 17, 2024
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