State subsidies to government companies dropped by more than half in July with bulk of these financial assistance went to entities involved in housing, health insurance and irrigation, data from the Bureau of the Treasury showed.
Topping the list is the National Housing Authority with P9.9 billion aid from the government, followed by Philippine Health Insurance Corp., commonly known as PhilHealth, with P4.13 billion and the National Irrigation Administration with P1.91 billion. They were followed by the Philippine Coconut Authority with P643 million, International Centre for Settlement of Investment Disputes with P576 million, Development Academy of the Philippines with P191 million and Philippine Heart Center with P118 million.
The Southern Philippines Development Authority also received P31 million, while the Lung Center of the Philippines got P27 million, Philippine National Railways with P26 million, and Philippine Institute for Development Studies with P22 minion.
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