BTr: July subsidies rise 92.5 percent to P32.47 billion

SUBSIDIES made by the national government for July reached P32.470 billion, 92.5 percent higher than the P16.867 billion made in the same month last year.

The latest data from the Bureau of the Treasury (BTr) showed the Philippine Health Insurance Corp. (Philhealth) received the biggest amount at P27.687 billion, an expansion of 83.1 percent compared to the P15.114 billion allotted to the agency in the same month in 2017.

The Land Bank of the Philippines (LandBank) was the second-highest recipient of subsidies for the month, at P2 billion. The bank handles the conditional and unconditional cash transfers provided by the government to various sectors like the Pantawid Pasada Program for jeepney operators, among others.

The third-biggest subsidy recipient is the National Irrigation Administration (NIA) at P1.999 billion, rising by 104.3 percent from P978 million last year.

The total subsidy made by the government for the seven-month period reached P100.214 billion, higher by 33.4 percent compared to the P75.086 billion made from January to July in 2017.

Other agencies that received subsidies below the billion-peso mark in July are the Light Rail Transit Authority with P6 million; the Philippine National Railways with P23 million; the Aurora Pacific Economic Zone and Freeport Authority with P5 million; the Cultural Center of the Philippines with P24 million; the Credit Information Corp. with P13 million; the Center for International Trade Expositions and Missions with P52 million; the Lung Center of the Philippines with P20 million; the National Kidney and Transplant Institute with P49 million; the Philippine Coconut Authority with P275 million; and the Philippine Children’s Medical Center with P109 million.

Also on the list are the Philippine Fisheries Development Authority with P20 million; the Philippine Heart Center with P72 million; the Philippine Rice Research Institute (Philrice) with P41 million; the Philippine Sugar Corp. with P32 million; the Philippine Institute for Development Studies at P11 million; the Philippine Institute of Traditional and Alternative Health Care at P18 million; the People’s Television Network Inc. with P6 million; the Southern Philippines Development Authority with P4 million; and the Zamboanga City Special Economic Zone Authority also with P4 million.

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