FINANCIAL SUPPORT given to state-owned corporations grew 80.19% at the start of the second quarter, data from the Bureau of the Treasury (BTr) data show.
Overall subsidies in April reached P3.87 billion from P2.15 billion last year.
However, it was lower by 89% from the previous month’s P35.24 billion.
The National Irrigation Administration (NIA) received the largest subsidy in April at P2.56 billion, equivalent to 66.15% of the total.
— Elijah Joseph C. Tubayan

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