Agriculture Secretary Francisco Tiu Laurel Jr. said the budget has been approved in principle by President Marcos, with possible funding sources already identified.
Tiu Laurel said he cannot yet disclose the funding source, but he emphasized that there are currently "several" options on the table.
"But for next year, we are almost sure that we can get that P5 billion buffer fund or fund to be able to use in case we have to trigger the price action," he said.
The agriculture chief emphasized that the buffer fund is critical in ensuring stable prices of goods in the market.
He said the mechanism has been legally existing since 1992 but has not been operationalized.
この記事は The Philippine Star の September 27, 2024 版に掲載されています。
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この記事は The Philippine Star の September 27, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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