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.
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
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
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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