Subsidies extended by the national government (NG) to government-owned and -controlled corporations (GOCCs) in May jumped by 36.63 percent to P5.236 billion, from last year’s P3.832 billion, according to data from the Bureau of the Treasury (BTr).
BTr data showed that the National Irrigation Administration (NIA) received bulk of the subsidy for the month amounting to P1.828 billion. The figure is 31.63 percent lower than the P2.674 billion it was given last year.
The Philippine Health Insurance Corp. (PhilHealth) was the second-biggest recipient of subsidy for the month, as it got P1.449 billion. PhilHealth did not receive any subsidy last year.
Multimillion subsidies were extended by the national government to the Philippine Coconut Authority (P755 million), the Philippine Fisheries Development Authority (P252 million), the National food Authority (P243 million) and the National Electrification Administration (P213 million).
Subsidies were also given to the Social Housing Finance Corp. (P96 million), Philippine Heart Center (P74 million), Philippine Children’s Medical Center (P67 million), National Kidney and Transplant Institute (P50 million), Subic Bay Metropolitan Authority (P41 million) and Credit Information Corp. (P32 million).
Other GOCCs in the list are Center for International Trade Expositions and Missions (P28 million); National Home Mortgage Finance Corp. and Cultural Center of the Philippines (P24 million each); Lung Center of the Philippines (P23 million); Philippine Institute for Development Studies (P11 million); the Philippine Institute of Traditional and Alternative Health Care, and the People’s Television Network Inc. (P6 million each); Light Rail Transit Authority (P5 million); Aurora Pacific Economic Zone and Freeport Authority (P4 million); Southern Philippines Development Authority (P4 million); and the Zamboanga City Special Economic Zone Authority (P4 million).
In January to May, BTr data showed that the national government’s disbursements fell by 63 percent to P19.658 billion, from last year’s P52.994 billion.
