SUBSIDIES to government-owned and -controlled corporations (GOCCs) fell in June compared to a year earlier, Treasury data showed.
SUBSIDIES to government-owned and -controlled corporations fell in June compared to a year earlier, Treasury data showed.The budgetary support of P10.16 billion was 61 percent lower than the year ago P26.06 billion based on the bureau's latest cash operations report.It was, however, higher than May's P9.74 billion.This took the January-June tally to P67.21 billion, 5.51 percent higher than the P63.70 billion recorded in the same period last year.
105 billion a year earlier and also from P7.554 billion in May.Year to date, these GOCCs received a total of P46.550 billion compared to P29.244 billion a year earlier.Subsidies to other state-owned firms, meanwhile, markedly declined to P2.036 billion from P21.950 billion a year earlier and were also lower than P2.081 billion in May.The January to June count plunged to P17.869 billion from last year's P34.103 billion.
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