GOCC subsidies up in Feb

GOCC subsidies up in Feb – Treasury

May 11, 2020 12:07 am

Subsidies extended by the national government to state-owned firms increased in February, data from the Bureau of the Treasury showed.

Twenty-three government-owned and -controlled corporations (GOCC) secured P10.48 billion assistance during the month, up 278.72 percent from P2.76 billion in the same month a year ago.

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