THE government has cut by 13 percent its budget for state-run firms in 2025, with most funds allotted to irrigation projects, according to data from the Bureau of the Treasury.
Subsidies to government-owned and controlled corporations (GOCCs) totaled P106.9 billion, down from P138.8 billion in 2024.
In December, however, GOCCs received P11.08 billion, higher than the P9.32 billion in the same period in 2024 and P7.5 billion in November 2025.
On the other hand, government financial institutions (GFIs) got only P509 million last year, which is a mere 9.12 percent of the P5.58 billion in 2024.
In December 2025, GFIs received zero funds compared to the P5 million in the same period in 2024. It was the eighth consecutive month that GFIs received nothing from the government.
Appropriations to major nonfinancial state firms dropped to P67.33 billion in 2025 from P95.41 billion a year earlier. They got P8.39 billion in December 2025, up from December 2024’s P7.27 billion.
Disbursements to other state-owned firms, meanwhile, increased to P39.09 billion last year from P37.77 billion a year earlier.
The December count also rose to P2.69 billion from P2.05 billion a year earlier.
Though the National Irrigation Administration accounted for the biggest share of 2025 subsidies at P47.24 billion, it was a big drop from P71.21 billion a year earlier.
The National Food Authority followed with P14.4 billion, up from P11.25 billion. Third was the Power Sector Assets and Liabilities Management with P8.0 billion, unchanged from a year ago.
Rounding up the top five were the Philippine Crop Insurance Corp., P5.85 billion, up from P3.15 billion a year ago, and the Philippine Reclamation Authority, P4.43 billion.