Senator Cynthia Villar is seeking a Senate inquiry on the government’s disbursement of the Rice Competitiveness Enhancement Fund mandated by the rice tariffication law.Five months after the signing of the Republic Act No. 11203, Villar on Tuesday invoked her committee’s oversight function on the law, filing Senate Resolution No. 39 to look into the distribution of the P10-billion special fund for rice farmers.
Half of the fund shall be allocated to the Philippine Center for Post Harvest Development and Modernization to provide farmers with rice farm machineries and equipment; 30 percent to the Philippine Rice Research Institute to be used for the development, propagation, and promotion of inbred rice seeds to rice farmers, and the organization of rice farmers into seed growers associations engaged in seed production and trade ; 10 percent for the credit facility that will be managed by the Land Bank...
The remaining P4 billion, meanwhile, was still being threshed out by the National Economic Development Authority and the Department of Agriculture . Aside from the unused fund, Villar also pointed out the delay in the release of PhilMech and PhilRice’s guidelines as to their respective implementation of the RCEF. The guidelines, she said, should have released 15 days after the publication of the law’s implementing rules and regulations.
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