The Fiscal Incentives Review Board (FIRB), chaired by Finance Secretary Ralph G. Recto, has approved PHP 20.9 billion in tax subsidies for various government institutions, supporting the administration’s goal of making public services more accessible, efficient, and responsive to the needs of the Filipino people.
The tax subsidies, granted for fiscal years 2024 and 2025, will enable recipient agencies to redirect their financial resources toward public service delivery by relieving them of certain tax obligations. The national government shoulders these taxes and duties, allowing government entities to focus on fulfilling their mandates without fiscal constraints.
“This initiative aligns with President Ferdinand R. Marcos Jr.’s commitment to improving the delivery of public services,” said Secretary Recto. “Ang mga tax subsidy na ito ay makakatulong para mas mapabilis at mas mapalawak ang serbisyo ng mga ahensya ng gobyerno para sa taumbayan.”
The FIRB is authorized to approve tax subsidy applications from government-owned and controlled corporations (GOCCs), government instrumentalities, state universities and colleges (SUCs), and government commissaries to ensure that critical public institutions can operate unhampered by tax-related costs.
As of May 21, 2025, the FIRB’s Technical Committee has approved ten tax subsidy applications totaling PHP 20.9 billion. All approved agencies reported 100% utilization of their subsidies, as validated through their respective Special Allotment Release Orders (SAROs).
Approved Tax Subsidies:
For 2024:
-
Manila International Airport Authority (MIAA) – PHP 7.5 billion
-
National Power Corporation (NPC) – PHP 6.0 billion
-
Philippine Deposit Insurance Corporation (PDIC) – PHP 4.5 billion
-
National Transmission Corporation (TransCo) – PHP 2.0 billion
-
Armed Forces of the Philippines Commissary and Exchange Service (AFPCES) – PHP 305 million
-
Bureau of the Treasury (BTr) – PHP 223 million
-
UP National Institute of Physics – PHP 6.6 million
For 2025:
-
Bureau of the Treasury (BTr) – PHP 223.2 million
-
AFPCES – PHP 58.5 million
The FIRB remains committed to empowering government institutions by enabling them to deliver improved and uninterrupted public services. These tax subsidies are a key tool in strengthening government capacity and advancing the administration’s socio-economic development agenda.
