INQUIRER.net: Senate panel OKs P90.5M budget for GOCCs

INQUIRER.net Philippine News for Filipinos

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Senate panel OKs P90.5M budget for GOCCs Sep 24th 2013, 02:08 Manila, Philippines -- The Senate finance sub-committee on Tuesday approved the P90.5 million proposed budget of the Governance Commission for Government-owned-and-controlled corporations(GCG). The sub-committee, headed by the Senator Francis "Chiz" Escudero, recommended the approval of the P90,516,000 budget, for submission to the plenary. The GCG, created in 2011, was tasked to evaluate, oversee and coordinate policies for GOCCs. It has recently announced its recommendation to abolish the National Agribusiness Corporation (NABCOR), the Zamboanga del Norte College Rubber Estates Corp. (ZREC), and the Philippine Forest Corporation (PCF) after the companies were found. To hav... Keep on reading: Senate panel OKs P90.5M budget for GOCCs Media files: chiz-escudero.jpg (image/jpeg)

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