SUBSIDIES to government-owned and -controlled corporations (GOCCs) dropped in March from a year earlier, data from the Bureau of the Treasury showed.
Based on the agency's latest cash operations report, the March budgetary support of P6.872 billion was 36.3 percent higher than the year-ago amount of P10.8 billion. This is also 45.9 percent lower than the P12.72 billion in February.
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