PhilHealth fund return pushed GOCC subsidies to all-time high

MANILA, Philippines – Government subsidies to state firms soared more than quadrupled to an all-time high in April, driven mostly by the return of P60 billion to the Philippine Health Insurance Corp. (PhilHealth). Latest data from the Bureau of the Treasury showed subsidies extended to government-owned and -controlled corporations (GOCCs) jumped 355.7 percent to P66.3 billion