GOCC subsidies up 35.3% in Feb

Apr 08, 2024 12:35 am

SUBSIDIES to government-owned and controlled corporations (GOCCs) surged in February from a year earlier, data from the Bureau of the Treasury showed.

Based on the agency's latest cash operations report, the two-month budgetary support of P12.715 billion was 35.3-percent higher than the year-ago P9.401 billion.

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