By Mary Grace Padin (The Philippine Star), Mar 20, 2017
MANILA, Philippines – Subsidies to government-owned and -controlled corporations (GOCCs) went up in 2016, with the bulk of the amount going to health care services, data from the Bureau of the Treasury (BTr) showed.
Total subsidies to government-owned and-controlled corporations reached P103.19 billion in 2016, the highest since 1995.
This was 32.28 percent higher that the P78.01 billion recorded in 2015. It also exceeded the previous highest record of P80.44 billion in 2014.
On the other hand, subsidies for December alone, slumped by more than half to P5.066 billion from P12.007 billion a year ago.
Based on Treasury data, the bulk of the subsidies in 2016 went to the Philippine Health Insurance Corp. (PhilHealth).
Government support to PhilHealth reached P43.776 billion during the period, up 25.54 percent as compared to P34.871 billion in 2016. This was more than 40 percent of the total subsidies provided in 2016.
The second largest subsidy was given to the National Irrigation Administration with P16.909 billion. This was followed by the National Housing Authority (NHA) with P12.04 billion and the National Food Authority with P4.25 billion in subsidies.
In the power sector, P3.361 billion was given to the Power Sector Assets and Liabilities Management Corp., while another P3.146 billion in government support was acquired by the National Electrification Administration.
Other state companies who received subsidies above a billion pesos include the Subic Bay Metropolitan Authority (P1.927 billion), Philippine Economic Zone Authority (P1.794 billion), Social Housing Finance Corp. (P1.672 billion), Light Rail Transit Authority (P1.655 billion), Philippine Crop Insurance Corp. (P1.6 billion), Philippine Coconut Authority (P1.251 billion), Bases Conversion and Development Authority (P1.163 billion) and Philippine Children’s Medical Center (P1.027 billion).
Thirty-five other GOCCs received less than a billion pesos in total subsidies in 2016.
Subsidies cover state corporations’ funding for their programs, as well operational expenses.
World Day for Safety and Health at Work
“Safety and health at work every day!”
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 #TakePicturesVideos
Monthly Observances:
March – Women’s Role in History Month
April – Month of Planet Earth
Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week
Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work
