GOCC subsidies fall 30.52% in July

NATIONAL GOVERNMENT subsidies provided to government-owned and -controlled corporations (GOCCs) declined by more than 30% in July, the Bureau of the Treasury (BTr) said. The BTr said subsidies amounted to P6.76 billion in July, down 30.52% from a year earlier. The government provides subsidies to GOCCs to help cover operational expenses not supported by their […]