BPC secures an additional P1.2bn subsidy
Friday, February 21, 2025 | 1340 Views |
Below the mark: The BPC has battled to operate at breakeven levels without government support
PIC: PHATSIMO KAPENG
In the original Transitional National Development Plan (TNDP) which was due to run from April 2023 to March 31, 2025, the BPC was due for a subsidy of P1 billion. However, the Corporation in August 2023 secured an extra P1.18 billion through Parliament.
The latest estimates show that the BPC will get another boost in the financial year that starts on April 1.
‘The strongest bond of human sympathy outside the family relation should be one uniting working people of all nations and tongues and kindreds’.- Abraham LincolnUntil then, the Council’s operations remain suspended, delaying critical decisions affecting thousands of public sector employees.The current standoff is between the Manual Workers Union on one side and the Six Cooperating Trade Unions, namely BONU, BOPEU, BTU, BDU, BOSETU and...