Treasury: GOCC subsidies up more than 200% in April

Jun 10, 2024 12:43 am

SUBSIDIES to government-owned and -controlled corporations (GOCCs) ballooned in April, data from the Bureau of the Treasury showed.

Based on the agency's latest cash operations report, the budgetary support of P27.72 billion was just over three times more than the year-ago P8.957 billion. It was even larger — four times more — than March's P6.872 billion.

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