Subsidies extended by the national government to state-owned firms declined in August, data from the Bureau of the Treasury showed, with the bulk extended to the National Irrigation Administration (NIA).

Twenty-one government-owned and -controlled corporations got a total of P4.98-billion assistance during the month, shrinking by 84.31 percent from P31.80 billion in August 2019.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details