Source-linked briefing Politics

Philippines Moves to Close 21 State-Run Firms to Reallocate Funds

Philippines Moves to Close 21 State-Run Firms to Reallocate Funds

The Department of Finance is accelerating plans to abolish 21 government-owned or -controlled corporations to free up fiscal resources. Another 30 entities have been flagged as non-operational or inactive as the administration seeks to redirect funds to priority programs.

Original headline

DOF steps up shuttering of 21 state-run firms to free up funds