Tag: goccs
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NG’s use of GOCCs’ excess funds flagged
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BUDGET ANALYSTS on Monday flagged the National Government (NG) for diverting excess funds from state-owned companies, noting that the move may compromise their services while the funds may likely be used by politicians as the 2025 polls near.
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Subsidies to GOCCs drop by 36% in March
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SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) fell by 36.3% in March, the Bureau of the Treasury (BTr) said. Data from the BTr showed that budgetary support to GOCCs declined to P6.872 billion in March from P10.795 billion a year earlier. Month on month, subsidies dropped by 46% from…
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DoF hikes dividend rate of GOCCs
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FINANCE SECRETARY Ralph G. Recto has ordered government-owned or -controlled corporations (GOCC) to increase their contributions to the National Government (NG) to boost state coffers.