SUBSIDIES to government-owned and -controlled corporations (GOCCs) totaled P18.22 billion in September, more than double compared to the P9.1 billion in August, but down by 14.3 percent from P21.26 billion in the same period last year, according to data from the Bureau of the Treasury.
Total subsidies from January-September were at P105.24 billion, 23.3 percent lower than the P137.13 billion in the same period last year.
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