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8% decline in state subsidies to GOCCs in Q1, with a 50% reduction for other government corporations; bulk support went to agriculture sector.
State subsidies to GOCCs fell by 8% to P20 billion in Q1, with a 50% reduction in subsidies for other government corporations.
The bulk of the support went towards the agriculture sector.
Budgetary support to GOCCs dropped by 36.3% to P6.872 billion in March from a year earlier, with the National Irrigation Authority and National Electrification Administration receiving the largest subsidies.
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una disminución del 8% en los subsidios estatales a las GOCC en el primer trimestre, con una reducción del 50% para otras corporaciones gubernamentales; La mayor parte de la ayuda se destinó al sector agrícola.