Sugar industry development fund short by P600M: Villar
Sen. Cynthia Villar questioned the smaller fund of P1.4 billion allotted this year for the development of the sugar industry.
Sunstar reported that Villar, chairwoman of the Senate agriculture and food committee, told Agriculture Secretary Emmanuel Piñol during a Senate hearing to demand for the P2-billion annual allocation for the implementation of the Sugar Industry Development Act (Sida) from the Department of Budget and Management (DBM).
Villar said the P600-million difference could go a long way in helping sugarcane farmers become more competitive.
Piñol said the DBM cut the budget of the Sugar Regulatory Administration (SRA) to about 59 percent because of underspending.
However, he said he will ask the DBM to release the differential.