Govt subsidies to GOCCs bigger in 2020

Mar 08, 2021 12:07 am

The national government forwarded higher subsidies to state-run firms last year compared to what it provided for them in 2019, data from the Bureau of the Treasury showed over the weekend.

Forty-three government-owned firms secured P230.41 billion in 2020, a 14.33-percent surge from the P201.52 billion in 2019.

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