State subsidies jump at end September 0 SHARES Share it! According to the treasury, 80 percent of the total subsidies in the first three-quarters went to the Philippine Health Insurance Corp. (PhilHealth), National Irrigation Administration (NIA), and Land Bank of the Philippines. On the other hand, the total channelled funds through Land Bank for the distribution of state fuel subsidies to jeepney drivers and operators amounted to ₱30.49 billion during the period. The remaining balance of end-September state subsidies went to the National Housing Authority with ₱8.28 billion, followed by National Food Authority with ₱4.23 billion, and Philippine Crop Insurance Corp. with ₱3.28 billion. Other recipients of financial aid were the National Electrification Administration with ₱1.9 billion, Philippine Coconut Authority with ₱1.8 billion, Small Business Corp. with ₱1.5 billion, National Power Corp. with ₱1.25 billion and Sugar Regulatory Administration with ₱1.07 billion.

Source: Manila Bulletin November 04, 2019 02:37 UTC