AGRICULTURE Secretary Francisco P. Tiu Laurel, Jr. said the Department of Agriculture (DA) is proposing a P220-billion budget for 2027, which would exceed the indicativeAGRICULTURE Secretary Francisco P. Tiu Laurel, Jr. said the Department of Agriculture (DA) is proposing a P220-billion budget for 2027, which would exceed the indicative

Laurel to seek P220-billion agriculture budget for 2027

2026/07/05 19:04
Okuma süresi: 2 dk
Bu içerikle ilgili geri bildirim veya endişeleriniz için lütfen crypto.news@mexc.com üzerinden bizimle iletişime geçin.

AGRICULTURE Secretary Francisco P. Tiu Laurel, Jr. said the Department of Agriculture (DA) is proposing a P220-billion budget for 2027, which would exceed the indicative ceiling given to the department of P160 billion.

Mr. Laurel said budget priorities include the Animal Competitiveness Enhancement Fund (AnCEF), which requires a P20-billion annual budget. The AnCEF aims to boost the livestock, poultry, and dairy industries by providing funding to combat animal diseases, support farmers, and improve food security.

He added that the DA requested a budget of up to P33 billion for farm-to-market road projects, little changed from funding allocated in 2026.

The DA said farm-to-market roads are among the most requested projects by farmers and fisherfolk because of the potential to lower logistics costs.

Mr. Laurel said the DA would need P500 billion annually for at least five years to strengthen agriculture.

“If we really want to prosper in agriculture, including (irrigation), we need P500 billion a year of investment for at least five years,” Mr. Laurel told reporters.

He added that much will depend on the available fiscal space.

“We will work with what we have and make the most of it,” Mr. Laurel said.

Senator Francis Pancratius N. Pangilinan said he will block the DA’s proposed budget if the DA and the Bureau of Customs fail to appear in the Senate to explain the oversupply of commodities like onions.

Mr. Laurel said the DA’s import estimates are largely accurate, and blamed the oversupply on the late arrival of imports due to port congestion between November and January this year. When they were finally released onto the market, the result was oversupply.

The DA was allocated P215 billion in the 2026 national budget. — Marron Joshua F. Mendoza

World Cup Combo: Aim for 200x

World Cup Combo: Aim for 200xWorld Cup Combo: Aim for 200x

Combine up to 20 World Cup matches in one order

Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen crypto.news@mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

$5M in SPCX Positions for Free

$5M in SPCX Positions for Free$5M in SPCX Positions for Free

0 fees, 100x leverage, daily prizes, 7K+ stocks/ETFs