NG subsidies decline 25% to ₱87B in Jan-Aug

Quick Summary:

SUBSIDIES provided by the national government to state-run corporations went down by almost a quarter to P87.025 billion as of the end of August 2024, according to the Bureau of the Treasury (BTr).

The Philippine Crop Insurance Corporation (PCIC) acquired the largest share at P2.797 billion, followed by the Small Business Corporation (SBC) with P1 billion and Social Housing Financing Corporation (SHFC) with P749 million.

For the month of August, subsidies also fell by half or 51.92 percent to P9.100 billion, compared to P18.929 billion in the same month a year ago.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: PhilippinesJapan

Topics: Percent August Year Subsidies Corporations Declined Billion National 2024 Followed Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-06 @ 16:23:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 523 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22912172

View Article Analysis

About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 60 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 10 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

Frequently Asked Questions