SUBSIDIES REMITTED by the national government to state-run firms surged in September, going largely to health care, banking, and irrigation arms of the government.
According to the Bureau of the Treasury (BTr), government-owned and -controlled corporations (GOCCs) received P19.58 billion in funding support in September, compared with P2.45 billion a year earlier.
In August GOCCs received P5.04 billion worth of subsidies.
The Philippine Health Insurance Corp. (PhilHealth) received P5.30 billion in September, or 27.07% of the total.
PhilHealth was followed by the Land Bank of the Philippines, which received P4.95 billion, and the National Irrigation Administration, which got P4.83 billion.
The Philippine Crop Insurance Corp. received P2.28 billion worth of subsidies in September.
In the nine months to September, subsidies remitted to GOCCs totaled P124.83 billion, up 49.27% from a year earlier.
This is equivalent to 66.07% of the P188.93 billion programmed subsidies for this year. — Elijah Joseph C. Tubayan