Gov’t subsidies to GOCCs drop

Government subsidies to state-run firms decreased by 10.2 percent to P37.1 billion in the first four months of 2025, compared to P47.3 billion in the same period a year ago, as the Marcos administration scaled back funding for major non-financial and financial government-owned and controlled corporations (GOCCs).

- By DERCO ROSAL

Data from the Bureau of the Treasury (BTr) showed that the double-digit decline in subsidies was driven by reduced funding support for major state-owned non-financial and financial corporations.

Subsidies for major non-financial corporations shrank by 42.1 percent to P17.9 billion in the four-month period, compared to P31 billion in the previous year. It made up 48.2 percent of the year-to-date subsidies.

Subsidies for the National Irrigation Administration (NIA), which accounted for 65.9 percent of the total support for major non-financial firms, fell sharply by 45.7 percent to P1.8 billion from P21.7 billion.