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Rice farmers to get P5B subsidy

Posted by Mai on April 2nd, 2008

INQUIRER.net
Rice farmers to get P5B subsidy

Arroyo issues EO to ensure staple’s steady supply
By Michael Lim Ubac, Tarra Quismundo, Christine Avendaño
Philippine Daily Inquirer

MANILA, Philippines—Fresh off her plane from Hong Kong Tuesday night, President Gloria Macapagal-Arroyo called her Cabinet to a rare meeting at the Ninoy Aquino International Airport to announce she was issuing an executive order authorizing the use of P5 billion—5 percent of last year’s budget surplus amounting to P100 billion—to subsidize the nation’s farmers and ensure a steady supply of rice for Filipinos.

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INQUIRER.net

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