The agriculture sector will get an additional P7.4-billion fund in 2008 with the approval by Congress of the extension of the Agricultural Competitiveness Enhancement Fund (ACEF) from end-2007 to 2015.
Agriculture Secretary Arthur Yap on Friday lauded the swift approval by the Senate and the House of Representatives of this Malacanang-endorsed bill, and expressed optimism that Congress could pass a consolidated version of this farm-friendly initiative before adjourning next week for its traditional Christmas break.
"The Senate and the House have manifested anew their strong commitment to agricultural modernization and food security in passing their respective versions of the measure extending the lifespan of the ACEF, which is due to expire this month," he said.
Saturday 15 December 2007
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