THE Department of Budget and Management (DBM) has allocated P10 billion for the Rice Competitiveness Enhancement Fund (RCEF) and P1 billion for the assistance to farmers and fisherfolk in 2023.

Budget Secretary Amenah Pangandaman told senators that of the P1-billion assistance to farmers and fisherfolk, P510.45 million is lodged under the budget of the Department of Agriculture (DA) for corn farmers, while P489.6 million allocated for fisherfolk was incorporated under the 2023 proposed budget of the Bureau of Fisheries and Aquatic Resources.

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