STATE subsidies to non-financial government-owned and controlled corporations (GOCCs) fell in June, the Bureau of the Treasury said on Friday. Last month, the national government only disbursed P183 million, or 90.6 percent lower than the P1.94 billion released in the same period a year ago.
The Bases Conversion and Development Authority got the lion’s share of financial support at P92 million, followed by the National Livelihood and Development Corp. at P65 million, and the National Kidney and Transplant Institute (NKTI) at P8 million.
The remaining amount was shared among the Philippine Heart Center (PHC), National Dairy Authority, Philippine Health Insurance Corp., Philippine Children’s Medical Center (PCMC), Southern Philippines Development Authority, and the Lung Center of the Philippines.a
Despite the drop in last month’s subsidies, state aid to GOCCs were still seven percent higher at P7.466 billion in the first semester, as against last year’s P6.981 billion.
For the first six months, the National Food Authority enjoyed the biggest aid at P2.85 billion, followed by National Housing Authority with P1.87 billion, and National Telecommunications Commission with P1.025 billion. The fourth biggest recipient was the National Livelihood Development Corp. at P980 million.
The Philippine Coconut Authority received P244 million, while the Philippine Rice Research Institute, P174 million.
State-owned hospitals such as the NKTI, PHC and the PCMC received P169 million, P139 million and P109 million, respectively.
On Thursday, the Department of Finance vowed that it would stick to this year’s budget deficit cap of P325 billion, as it would seriously look into those GOCCs that have been a financial strain on the national government. –Katrina Mennen A. Valdez, Manila Times
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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