GOCC Subsidies Dip 30.52% in July, But Cumulative Total Soars
Subsidies to Philippine government-owned and -controlled corporations (GOCCs) fell 30.52% year-on-year to P6.76 billion in July. However, the cumulative total for the first seven months surged 94.98% to P121.34 billion, nearing 39.3% of the full-year budget.
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