BPC secures an additional P1.2bn subsidy
Friday, February 21, 2025 | 1300 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.
For too long, the state of many public schools has been a source of shame. We have all seen the pictures and heard the stories of broken windows, unreliable water and electricity, topped by classrooms that are not fit for proper learning. The establishment of the Education Infrastructure and Management Company Ltd (EIMC) signals that authorities are finally ready to take this problem seriously. We must commend the government for this initiative....