The Daily Tribune
7 gov’t entities get P20.9-B aid
The Fiscal Incentives Review Board (FIRB) has approved P20.9 billion in tax subsidies for various government institutions to enhance their public service delivery.
These approvals, covering applications for 2024 and 2025, aim to enable agencies to concentrate on providing better services by offsetting their tax and duty expenses.
The Manila International Airport Authority received the largest subsidy with P7.5 billion for 2025, followed by the National Power Corp. with P6 billion.
Other notable beneficiaries include the Philippine Deposit Insurance Corp. (P4.5 billion), National Transmission Commission (P2 billion), Armed Forces of the Philippines Commissary and Exchange Service (P305 million), Bureau of the Treasury (P223 million), and the University of the Philippines National Institute of Physics (P6.6 million).
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