In H1 2024, the Philippine government increased GOCC subsidies by 5.51% to ₱67.21B, with NIA receiving the largest share.
In H1 2024, the Philippine government provided ₱67.206B (5.51% increase) in subsidies to state-run firms and financial institutions, with the National Irrigation Authority receiving the largest amount (₱36.528B). In June, GOCC budgetary support dropped 61%, with the NIA receiving the largest share (74%). GOCC subsidies for the first six months increased by 5.51% to ₱67.21B from the same period last year.
July 28, 2024
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