SUBSIDIES to government-owned and -controlled corporations (GOCCs) fell in June compared to a year earlier, Treasury data showed.

The budgetary support of P10.16 billion was 61 percent lower than the year ago P26.06 billion based on the bureau's latest cash operations report.

It was, however, higher than May's P9.74 billion.

This took the January-June tally to P67.21 billion, 5.51 percent higher than the P63.70 billion recorded in the same period last year.

Subsidies to government financial institutions totaled P105 million for the month, up from zero last year and unchanged from May's P105 million.

As of end-June, government financial institutions received P2.787 billion, surging from the P349 million recorded in the same period last year.

Subsidies to major nonfinancial state firms, which comprised the bulk of June's subsidies, rose to P8.018 billion from P4.105 billion a year earlier and also from P7.554 billion in May.

Year to date, these GOCCs received a total of P46.550 billion compared to P29.244 billion a year earlier.

Subsidies to other state-owned firms, meanwhile, markedly declined to P2.036 billion from P21.950 billion a year earlier and were also lower than P2.081 billion in May.

The January to June count plunged to P17.869 billion from last year's P34.103 billion.

The National Irrigation Administration took the lion's share of June subsidies at P7.516 billion, substantially higher than the P3.524 billion posted a year earlier.

The Philippine Rice Research Institute followed with P345 million, up from P149 million, and in third was National Power Corp. with P302 million from P5 million.

Rounding up the top six were the Philippine Fisheries Development Authority (P272 million, down from P853 million last year and P359 million in May), Philippine Health Insurance Corp. (P260 million, down from P16.02 billion last year but up from zero in May), and Philippine Heart Center (P139 million, down from P178 million last year and P168 million in May).

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