3 months Original sugar sector fund sought Manilatimes |Biz
To boost the country’s sugar sector, the Sugarcane Industry Development Act (SIDA) fund for 2020 may be reverted to its original amount of P2 billion following the yearly allocation cuts due to underutilization since its first year of implementation.
Farmer uses a knife to harvest sugar cane in Bacsil north, Ilocos borte . File photoThe Department of Budget and Management has slashed the P2-billion sugar fund to just P67 million for next year, citing that agencies involved in the use of the said fund have no capacity to fully spend their allocation. For this year, SIDA’s allocation was at ... more