Monday 17 December 2018
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inquirer - 1 month ago

Recto: Senate wants 100% rice tariffication profit ‘plowed back’ to farmers

Senate President Pro Tempore Ralph Recto on Wednesday said all profits that might be generated from the proposed rice tariffication bill must be plowed back to farmers through assistance, equipment, credit, insurance, among others. According to Recto, rice tariffication is not a revenue measure cautioning some quarters in the government who were playing with the idea of using rice tariffication to shore up the government s fiscal position. He said the Senate s position is that government should not profit from rice tariffication. By stipulating in the bill that 100 percent of duties will be plowed back to farmers, we are sending a strong message to those who mig...

Keep on reading: Recto: Senate wants 100% rice tariffication profit ‘plowed back’ to farmers

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