SUBSIDIES made by the national government to government-owned and -controlled corporations (GOCCs) and government institutions from January to November 2018 grew by 34.65 percent to P134.471 billion, from the P99.861 billion reported in the same period for 2017, Bureau of the Treasury (BTr) data showed.
For November alone, the government provided P8.086 billion in subsidies, coming from P5.961 billion in 2017, or an expansion of 35.64 percent.
The biggest recipient of the subsidy in November was still the Philippine Health Insurance Corp. (PhilHealth) with P2.762 billion, with the Philippine Economic Zone Authority (Peza) coming in second with P2.024 billion, and the National Irrigation Administration (NIA) as third, P1.693 billion.
Other GOCCs that received subsidies for November: Land Bank of the Philippines (LBP), P558 million; Development Bank of the Philippines (DBP), P351 million; Philippine Postal Corp. (PhilPost), P145 million; Center for International Trade Expositions and Missions (Citem), P101 million; Philippine Children’s Medical Center (PCMC), P90 million; the Philippine Heart Center (PHC), P72 million; Light Rail Transit Authority (LRTA), P58 million; and the National Kidney Transplant Institute (NKTI), P49 million.