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.
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!
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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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