Tag: drop
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Gross borrowings drop 31% in April
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THE National Government’s (NG) gross borrowings fell in April as domestic and external debt declined, data from the Bureau of the Treasury (BTr) showed. BTr data showed that the NG’s total gross borrowings dropped 31.3% to P89.202 billion in April from P129.906 billion in the same month a year ago.…
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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…