outbrain
Close  

Agri agency getting P 17B from Bayanihan 2

By: - Reporter / @kocampoINQ
/ 04:04 AM August 05, 2020

The Department of Agriculture (DA) is getting an additional budget of P17 billion under the recently approved Bayanihan to Recover as One Act, which the agency said would be used to supplement its ongoing programs.

The Senate recently approved the bill dubbed Bayanihan 2, which earmarked P140 billion to President Duterte’s approved initiatives to accelerate the recovery of the country’s economy from the adverse effects of the novel coronavirus pandemic.

ADVERTISEMENT

Agriculture Secretary William Dar said the additional budget would be used to fund DA’s interventions. In addition, the agency also proposed a P66-billion stimulus package called “Plant, Plant, Plant” to ensure food security.

The PPP stimulus package comes with three components, namely 1) increasing domestic food production as a means to raise food sufficiency levels; 2) creating food markets and improving logistics to support agricultural systems, and 3) providing cash assistance to stakeholders in the forms of subsidies, grants, and loans. INQ

FEATURED STORIES

Subscribe to Inquirer Business Newsletter
Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Business, Department of Agriculture (DA), William Dar
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.