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EconomyEditor's Pick

GOCC subsidies top P4B in Jan.

by April 1, 2025
April 1, 2025

SUBSIDIES provided to state-run firms rose to P4.39 billion in January, the Bureau of the Treasury said, after zero subsidies were issued to government-owned and -controlled corporations (GOCCs) a year earlier.

In January, the National Food Authority received subsidies of P2.25 billion, followed by the National Irrigation Administration, which got P1.09 billion.

Other GOCCs that received at least P100 million were the Philippine Heart Center (P184 million), the Philippine Rice Research Institute (P156 million), the National Kidney and Transplant Institute (P124 million) and the Philippine Children’s Medical Center (P116 million).

The Light Rail Transit Authority received P74 million, the Small Business Corp. P63 million and the Philippine Coconut Authority with P61 million.

Other recipients of subsidies were the Lung Center of the Philippines (P59 million), the National Dairy Authority (P35 million), the Cultural Center of the Philippines (P34 million), the Development Academy of the Philippines (P28 million), the Philippine Institute for Development Studies (P24 million), and the Center for International Trade Expositions and Missions (P20 million).

Receiving subsidies of less than P20 million were the People’s Television Network, Inc. (P18 million), the Metropolitan Waterworks and Sewerage System (P14 million), and the Aurora Pacific Economic Zone and Freeport Authority (P10 million).

The Philippine Institute of Traditional and Alternative Health Care received P9 million, the Southern Philippines Development Authority P7 million, the Philippine Center for Economic Development P5 million, and the Philippine Tax Academy P5 million.

The Zamboanga City Special Economic Zone Authority received P4 million.

The Philippine Health Insurance Corp. was stripped of subsidies in 2025.

The government provides subsidies to GOCCs to help cover operational expenses not supported by revenue.

Subsidies to GOCCs totaled P138.8 billion last year, down from P163.5 billion in 2023. — Aubrey Rose A. Inosante

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