NHA gets highest subsidy
SUBSIDIES to government agencies last August rose to P8.8 billion, the bulk of which was extended to the National Housing Authority.
This is higher than the P3.1 billion for the same period in 2014, Department of Finance (DOF) data show.
NHA received P4.4 billion in August, its first subsidy from the national government for the year.
This as the government strengthens its housing program, especially for those located in areas devastated by Typhoon “Yolanda” in November 2013.
The agency that got the second highest subsidy last August was the Power Sector Assets and Liabilities Management Corp., which received P3.8 billion.
It was followed by National Irrigation Authority, National Power Corp., Cultural Center of the Philippines, National Dairy Authority and Lung Center of the Philippines.
Other agencies that received subsidies during the month were the Center for International Trade Expositions and Missions, Philippine Children’s Medical Center, Philippine Heart Center, Zamboanga City Special Economic Zone Authority, People’s Television Network Inc., Philippine Fisheries Development Authority and Southern Philippines Development Authority.
Subsidies given to government-owned and controlled corporations as of end-August this year amounted to PhP 55.1 billion, lower than year-go’s PhP 59.24 billion.