Despite the increase in support for agriculture and housing, government subsidies declined 4.33 percent in the first five months of the year, according to data released by the Bureau of the Treasury (BTr). Know more:
DESPITE the increase in support for agriculture and housing, government subsidies declined 4.33 percent in the first five months of the year, according to data released by the Bureau of the Treasury .
Data showed the top three recipients of subsidies in May were the National Irrigation Authority , the National Food Authority , and the National Housing Administration . The NFA’s subsidies amounted to P849 million in May 2023 and total subsidies in the January to May period to P4.101 billion. Like the NFA, NHA did not receive any subsidies in May 2022; its total subsidies for the January to May period was P3.194 billion in 2022.
Other Government Corporations received a total of P1.643 billion in subsidies in May 2023, bringing the total of that class to P12.151 billion in January to May 2023.
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