In a separate report, the Department of Budget and Management (DBM) attributed the higher GOCC
subsidies in April to 'payment of prior year's accounts payables of the NIA (P3.1 billion) for its completed irrigation projects, as well as the payment for the previous year's government premium subsidy to Philippine Crop Insurance Corp.
The Philippine Rice Research Institute also received P147 million in
subsidies, while the National Dairy Authority and the Philippine Heart Center accepted P106 million and P96 million, respectively.
Putrajaya spent RM4.9 billion on fuel
subsidies from January to November last year.
For December alone, total
subsidies made by the government amounted to P2.181 billion, or a drop of 93.01 percent from P31.227 billion made in December 2017.
Iran devotes more of its wealth to energy
subsidies than any other country, and only two other countries come even close to Iran.
It would seem it is not possible to increase funding for renewable
subsidies. At the same time, the installed capacity of China's PV surged significantly.
It is worth mentioning that in order to alleviate the impact of inflation on citizens, especially the poor segments of society, the federal government spends a fairly large sum on providing power and food
subsidies.
People's fascination with
subsidies is based on the welfare concept of state which is endorsed by many economists of Pakistan.
Farmers, who are residents of Sindh, must own more than 25 acres of land will be awarded the said
subsidies. Furthermore, Individuals who are awarded the subsidy will not be eligible to sell tractors or transfer ownership of said tractors for at least three (03) years.
He explained that the goal is to reach social justice and eliminate the leakage of money that occurs in the
subsidies system, which causes the loss of billions as a result of the multiplicity of stages and entities working on the implementation of the system.
Globally, energy
subsidies amount to between US$300-500 billion each year--several times the value of all aid.
By: Egypt Today staff CAIRO -- 28 June 2017: Providing monetary
subsidies instead of
subsidies in the form of products is the best way for the government to offer aid to lower income brackets, deputy head of the Industry Committee of the House of Representatives Mohammed Mohamed El Zeiny said Wednesday.
