Close  
  • share this

Palace says P10-B Rice Fund won’t be corrupted

By: - Reporter / @DYGalvezINQ
/ 10:52 AM February 19, 2019
Storm-hit Bicol farmers get P36M in rice, corn, vegetable seeds

A farmer in Bulacan prepares to replant rice. INQUIRER FILE PHOTO

MANILA, Philippines – Malacañang on Tuesday assured the public that the P10-billion Rice Competitiveness Enhancement Fund or Rice Fund would not fall into corrupt hands.

Presidential spokesperson Salvador Panelo made the assurance amid fears that the Rice Fund would fall into corruption like what happened in the fertilizer fund scam.

ADVERTISEMENT

“The President has zero tolerance for corruption and wastage of taxpayers’ money,” Panelo said in a statement.

“We continue to exercise accountability and transparency in all levels of the bureaucracy,” he added.

FEATURED STORIES

The P10-billion Rice Fund will come from revenue from the tariff on rice imports and is expected to benefit the country’s farmers.

The Rice Fund will be used to buy farm machinery to bring down farmers’ labor costs, provide them seeds to increase their harvest, and develop and modernize post-harvest facilities among others.

Panelo explained that the Agriculture Secretary would be accountable for the Rice Fund. The Department of Agriculture (DA) will also validate and update the list of eligible beneficiaries of the fund, which include farmers, farmworkers, rice cooperatives and associations.

He said the Congressional Oversight Committee on Agricultural and Fisheries Modernization would conduct a periodic review of the fund.

The Presidential spokesperson appealed to rice farmers to be actively involved in crafting the rice industry roadmap and the law’s implementing rules and regulations (IRR).

“We ask rice farmer representatives and vital stakeholders to be pro-active in the discussion and review of the crafting of the Rice Industry Roadmap and IRR with other concerned agencies of the government to ensure the effective and efficient implementation of the new measure, including assuring that safeguards aimed at eliminating corruption are in place,” he said.

President Rodrigo Duterte has signed the Rice Tariffication Law which replaces the quantitative restrictions on imported rice with tariff. /cbb

ADVERTISEMENT

READ: Duterte signs rice tariffication bill into law

Read Next
LATEST STORIES
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: corruption, latest news, latest updates, Local news, Malacañang, news, P10-billion, Philippines news updates, Presidential spokesperson, Rice Fund, Rice Tariffication Law, Salvador Panelo
For feedback, complaints, or inquiries, contact us.



© Copyright 1997-2019 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.