The Philippine government's subsidies to state-owned corporations fell by 30 percent year-on-year to P5.334 billion in February, according to the Bureau of the Treasury.
The decline marks a significant reduction in financial support for government-owned and controlled corporations (GOCCs), signaling a possible tightening of fiscal resources or a shift in budget priorities.
In the same month last year, subsidies amounted to P7.62 billion. The Treasury attributed the decrease to lower allocations for several major GOCCs.
Month-on-month, the February figure was also 12 percent lower than the P6.06 billion disbursed in January.
For the first two months of 2025, cumulative subsidies reached P11.4 billion, down 24 percent from P15.0 billion in the same period of 2024.
The data suggests the government is scaling back its support for state-run firms amid efforts to manage the national budget deficit.