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Business > Top Business
Idle funds tapped for govt pay hike
By Niña Myka Pauline Arceo
Aug 23, 2024 12:19 am

(UPDATE) TWO government-owned and -controlled corporations (GOCCs) idle funds will be tapped for unprogrammed appropriations to cover salary increases and benefits for the country's civil servants.

The Philippine Deposit Insurance Corp. (PDIC) and the Philippine Health Insurance Corp. (PhilHealth) were asked to remit a combined total of P67.6 billion from their idle funds to finance salary increases and benefits for certain government workers.

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