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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).

Zamboanga citySubic bayBeatricem laforgaZamboanga city special economic zone authorityPhilippine children medical centerPhilippine health centerSouthern philippines development authorityEconomic developmentSmall business corpSubic bay metropolitan authorityCredit information corpFreeport authorityNational kidney transplant instituteBureau of the treasury btrPhilippine rice research instituteDevelopment authority