Finance eyeing idle GOCC funds for public programs

Jul 16, 2024 12:29 am

BILLIONS of pesos in unused and idle funds of government corporations can be used to support various public programs, the Department of Finance (DoF) said.

In a statement on Monday, the DoF recommended using dormant funds held by government-owned and controlled corporations (GOCCs) to support health, social services, and infrastructure projects that benefit the public and promote the country's growth.

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