Yahoo! Philippines News - Live 2013 Philippine Elections News Updates and Results: State-run firms turn over P27 billion to national coffers

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State-run firms turn over P27 billion to national coffers Jun 3rd 2013, 04:30 Over P27 billion in last year's earnings have been turned over by government-owned and -controlled corporations (GOCCs) to the national coffers to help fund the administration's programs.The amount, which surpassed 2011 remittances by P8.8 billion, was received by President Benigno Aquino III from heads of 38 state-run firms in turnover ceremonies inside the Malacañang on Monday morning.In his speech during the event, Aquino said the increased earnings of the GOCCs were the result of his administration's anti-corruption campaign. ...

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