Trending Now
Religious Charter Schools? Let States Decide
Seattle’s Other Monorail: Some Lessons for California
1995: When I Testified Before the Train Wreck...
IPA targets set for review after Q1 slowdown
Economic sabotage probe ordered against AirAsia’s travel agency
Questions raised over sustainability of FTI pork direct-sourcing...
EDSA rehab plan scrapped in favor of new...
SRA seeks emergency powers to curb Negros pest...
Exporters certified to avail of CREATE MORE perks
PHL obtains €250-M funding from France to support...
  • About Us
  • Contacts
  • Email Whitelisting
  • Privacy Policy
  • Terms and Conditions
DailyProfitTips.com
  • Editor’s Pick
  • Economy
  • Investing
  • Politics
  • World News
EconomyEditor's Pick

Study ordered on feasibility of expanding P20 rice coverage to 50% of population

by June 1, 2025
June 1, 2025

SPEAKER Ferdinand Martin G. Romualdez directed a congressional think-tank to assess the feasibility of making the Marcos administration’s P20-per-kilo rice program available to half the population, with the study to evaluate the program’s fiscal requirements and the legislative means to move it forward.

The Congressional Policy and Budget Research Department was tasked with producing a report within 60 days, to guide legislators during budget hearings set later this year, Mr. Romualdez said.

“This study will not be limited to subsidy calculations. We need to overhaul the entire system — from seed to store shelf,” he said in a statement.

The government in early May started selling P20-per-kilo rice in some state-subsidized mini-markets, and plans to continue retailing the subsidized rice to low-income families and other disadvantaged categories until December.

President Ferdinand R. Marcos, Jr. campaigned in 2022 on a pledge to lower rice prices to P20 per kilo, but the early years of his administration have been marked by a surge in the cost of rice.

“If it can be done in some areas, it should be achievable nationwide,” Mr. Romualdez said. “It is now our job in Congress to support that vision with data, strategy and decisive legislation.”

The Speaker last month pledged to allocate funding for the rice subsidy program in the 2026 budget.

Mr. Romualdez said the program could cost the government about P51.1 billion annually, leading him to propose a four-year “phase-in plan” to ensure its sustainability.

“In 2025, the program will cover only the bottom 20% of the population, requiring about P17 billion. In 2026, it will expand to the bottom 35%, costing P30 billion,” he said.

“By 2027, it could reach the bottom 50%, with the full P51 billion requirement,” he added, saying that authorities should look at optimizing the system and integrating it with other food aid programs by 2028. — Kenneth Christiane L. Basilio

previous post
NG borrowing surges to P390B in April
next post
Mining fiscal reform bill stalls over ore export ban

Related Posts

Religious Charter Schools? Let States Decide

June 2, 2025

IPA targets set for review after Q1 slowdown

June 2, 2025

Economic sabotage probe ordered against AirAsia’s travel agency

June 2, 2025

Questions raised over sustainability of FTI pork direct-sourcing...

June 2, 2025

EDSA rehab plan scrapped in favor of new...

June 2, 2025

SRA seeks emergency powers to curb Negros pest...

June 2, 2025

Exporters certified to avail of CREATE MORE perks

June 2, 2025

PHL obtains €250-M funding from France to support...

June 2, 2025

Italy touted as potential market for mangoes

June 2, 2025

Introducing the SEC Zuper Easy Registration Online (ZERO)

June 2, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    • About Us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2025 DailyProfitTips.com All Rights Reserved.

    DailyProfitTips.com
    • Editor’s Pick
    • Economy
    • Investing
    • Politics
    • World News