Piñol cites underspending for cut in P2B SIDA fund
on Wednesday, April 19, 2017
BY GILBERT BAYORAN
MANILA- The cut in the P2 billion mandatory annual appropriation for the sugar industry, as stipulated in the Sugar Industry Development Act, which aims to make the industry competitive, was blamed yesterday by Agriculture Secretary Emmanuel Piñolon “underspending” by the Sugar Regulatory Administration.
Senator Cynthia Villar, who presided over the joint hearing of the Senate committees on Agriculture and Food and that of the Trade, Commerce and Entreprenuership chaired by Senator Juan Miguel Zubiri, on the impact of the rising importation of high fructose corn syrup, said the P2B SIDA annual budget for 2017 has been slashed to P1.4 billion.