THE GOVERNMENT IS DOUBLING ITS subsidy for the National Food Authority in 2010 to P8 billion in an apparent move to avert a repeat of the rice crisis in 2008 as it continues its stimulus spending next year.
This means that subsidies for the NFA would have been rising exponentially from P2 billion in 2008 to P4 billion this year.
Documents on the proposed national budget for 2010 showed that state firms engaged in rice and basic services like housing and health will continue to receive bulk of subsidies.
Philippine Health Insurance Corp. or PhilHealth will again receive P5 billion as in 2009, which is more than thrice the P1.45 billion it got in 2008.
While the National Housing Authority will get P3.17 billion next year or a percent less than the P3.2 billion earmarked this year, the NHA is still the third biggest beneficiary of subsidy from the national treasury.
This means that the NFA, PhilHealth and NHA as a group will be representing a combined P16.17 billion or 84 percent of total subsidies in 2010, which is proposed at P19.17 billion.
This year, the three state firms are getting a total of P12.2 billion or about 68 percent of all subsidies pegged at P18.06 billion.
Completing the top five recipients among 46 government-owned and -controlled corporations are the Philippine Coconut Authority (PCA) and the Philippine Rice Research Institute (PRRI), which the government wants to give P595 million and P418 million, respectively, in 2010.
The proposed subsidy for PCA is the same as this year’s, which is 38 percent more than the P430.5 million it received in 2008.
As for PRRI, the proposed 2010 subsidy is almost the same as the P419 million it is receiving this year and 57 percent higher than the P265.7 million it got in 2008.
Finance officials have maintained that increased government spending is mainly directed at economic activities aimed at countering the slowdown in economic and business activities.
They also said such spending was in line with the policy to accommodate increased emphasis on infrastructure and social services that is expected to enable the economy to post a modest growth despite to global financial crisis. –Ronnel Domingo, Philippine Daily Inquirer
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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