'Gov't should not profit from rice tarrification, 100% of duties to be plowed back to farmers'
November 14, 2018
Senate President Pro Tempore Ralph Recto today said that the Senate bill on rice tariffication mandates that all duties collected from imported rice be plowed back to farmers through “a raft of assistance in the form of equipment, insurance, credit, and even direct financial aid.” The Senate position is that government should not profit from rice tariffication, Recto said. He revealed tha
Senator Recto revealed that the Senate rejected a proposal that annual funding for the Rice Competitive Enhancement Fund (RCEF) sourced from rice duties must be capped at P10 billion, and excess collection should be utilized as national income.
“Unfair naman ‘yan. Kung halimbawa P25 billion ang collection, ibig sabihin mas malaki pa ang share ng pamahalaan kaysa sa mga magsasakang maapektuhan? Farmers get the pain and government gets the gain?” Recto pointed out.
Last Tuesday evening, the Senate agreed on setting the RCEF at a minimum of P10 billion a year for six years and tariff revenues in excess of P10 billion will be appropriated by Congress based on “a menu of programs in the rice tarrification law.”
This way, Recto said there will be “a 100-percent plowback rate.” ... See MoreSee Less
Senate President Pro Tempore Ralph Recto today said that the Senate bill on rice tariffication mandates that all duties collected from imported rice be plowed back to farmers through “a raft of assistance in the form of equipment, insurance, credit, and even direct financial aid.”
The Senate position is that government should not profit from rice tariffication, Recto said.
He revealed that some quarters in the government were toying with the idea of using rice tariffication to “shore up the government’s fiscal position.” ... See MoreSee Less
Magandang balita ang sunod-sunod na anunsyong pagbaba ng presyo ng gasolina. Makakatulong itong marendahan ang inflation, katuwang ang lumalakas na halaga ng piso kumpara sa dolyar.
Sa Senado ay nakasalang sa diskusyon ang Rice Tariffication bill na ini-sponsor ni Senator Cynthia Villar. Hinahabol naming maipasa ito bago matapos ang taon upang makatulong sa pagbawas ng inflation. Dapat lang siguruhin na ang lahat ng makukuhang duties o buwis mula sa taripa ng bigas ay magagamit para tulungan ang mga magsasakang madagdagan ang kaalaman sa farming at produksyon ng bigas.
Pinag-aaralan rin natin ang pag-file ng bill na lilikha sa Department of Fisheries and Aquaculture upang masubaybayan ang tumataas na presyo ng isda. ... See MoreSee Less
The K-12 basic education program has been hindered not by legal challenges against it but by delays in the delivery of school facilities and hiring of teachers, Senate President Pro Tempore Ralph Recto said Tuesday. ... See MoreSee Less
Senate President Pro-Tempore Ralph G. Recto is a competent, dedicated and diplomatic public servant. His devotion to family and community, unrelenting desire to make a better life for others, consummate passion for his work, and interactive leadership style serve as the firm foundation upon which he built a reputation as a young and committed leader whether as a legislator or a national executive.