THE total amount of subsidies extended by the national government to state-run institutions and firms rose by an annualized rate of 10 percent to over P33 billion in July, according to the Bureau of the Treasury (BTr). Treasury data showed that national government subsidies in July reached P33.238 billion, or P2.917…
THE total amount of subsidies extended by the national government to state-run institutions and firms rose by an annualized rate of 10 percent to over P33 billion in July, according to the Bureau of the Treasury .
Treasury data showed that three-fourths of the national government subsidy or about P25.117 billion went to other government corporations. PhilHealth got P22.65 billion in subsidies in July, slightly higher than the P22.462 billion it received in the same month of last year, according to Treasury data.
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