GOCC subsidies climb to P4.39B in January

Subsidies to government-owned and -controlled corporations (GOCCs) surged to P4.39 billion in January, a significant increase from zero subsidies in the same period last year.

The National Food Authority received the largest subsidy, amounting to P2.25 billion.

Following closely, the National Irrigation Administration was granted P1.09 billion in subsidies.

Other major recipients included the Philippine Heart Center with P184 million, the Philippine Rice Research Institute with P156 million, the National Kidney and Transplant Institute with P124 million, and the Philippine Children's Medical Center with P116 million.