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GOCC subsidies in March drop 68% to P3.838 billion


BusinessWorld
May 9, 2021 | 7:34 pm
PHILSTAR
BUDGETARY SUPPORT provided to government-owned and -controlled corporations (GOCCs) declined 68% year on year to P3.838 billion in March, the Bureau of the Treasury (BTr) said.
In its cash operations report, the BTr said the year-earlier total was P11.952 billion.
Around 65% of the March 2021 subsidies went to the National Irrigation Administration, down 15% year on year.
The Bases Conversion and Development Authority received P841 million, as opposed to zero a year earlier.
Other GOCCs that received the most subsidies were the Small Business Corp. (P500 million), Philippine Health Center (P444 million); National Kidney Transplant Institute (P320 million), Philippine National Railway (P312 million) and Philippine Children’s Medical Center (P309 million). ....

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Mindanao bats for P1.35-T allocation in 2022 budget


February 12, 2021 | 12:32 am
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The Mindanao Development Authority is hoping to get a P1.35-trillion allocation in the 2022 national budget. COURTESY OF DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS
By
Mindanao Bureau Chief
THE MINDANAO Development Authority (MinDA) will push for a P1.35-trillion allocation in the 2022 national budget, representing 27% of the proposed P5-trillion spending plan, to realize major infrastructure and other projects.
“Mindanao has been getting a share that is lower than expected. In the last four years and a half, our highest share was last year at 16%. For 2021, Mindanao will only be getting 12%,” MinDA Chair Emmanuel F. Piñol said during the Mindanao Speaks Up forum on Wednesday. ....

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