A broader look at today’s business
Senator Francis Tolentino on Monday lauded President Ferdinand R. Marcos Jr.’s continuing financial aid and other support to farmers, saying that the assistance was the fruit of farmers’ hard work.
“Second downpayment ‘yan ng ayuda. May parating pa. Last year, we collected P22.7 billion in rice tariffs. Ang P10 billion ay na-earmark na para sa mga proyekto sa ilalim ng RCEF. Imbes na i-remit ang sobra na P12.7 billion sa Treasury, iniutos ng Pangulo na ibalik ito sa mga magsasaka,” Senator Tolentino said in a statement.
“This is the katas ng bigas that farmers are entitled to as envisioned by law. The principle is that collected duties on rice must be plowed back to them. The law is clear: Farmers are the sole beneficiaries of the tax dividends, not the government. Each and every centavo must be given to them whether in equipment, like tractors, or cash,” the Senator said.
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