DA To Release Fertilizer Subsidy for Farmers via Vouchers
FERTILIZER SUBSIDY – The Department of Agriculture (DA) allotted P4 billion worth of fertilizer subsidies through vouchers for farmers.
The oil price hike has greatly affected a lot of people and many can hardly cope with the situation considering that the pandemic also brought a lot of financial struggles prior to the series of increases in oil prices. A lot of households’ budget no longer fits the current demand.
According to several public utility vehicle (PUV) drivers, they can hardly bring home an amount that could provide for the needs in their households due to the high prices of fuel. To aid the PUV drivers in these challenging times, the national government released fuel subsidies for them.
The PH government refused the call for the suspension of the oil excise tax. According to one of the presidential advisers, the suspension will result in billions of losses of government revenues.
Instead, the national government offered to release P200.00 monthly cash assistance per household amid the oil price hike. President Rodrigo Roa Duterte ordered that the amount will be increased to Php 500.00 per month.
Based on a report of ABS-CBN News, the Department of Agriculture (DA) also confirmed that they will release a fertilizer subsidy for the farmers amid the oil price hike. Fertilizers are by-products of the oil industry and the oil price hike affects the prices of fertilizers.
According to Agriculture Secretary Noel Reyes, most of the fertilizers are imported from oil-producing countries thus the price increased not just in two folds but in three folds of the main price. DA allotted P4 billion for the fuel subsidy for farmers.
Based on the report, the fuel subsidy for farmers will be released through vouchers. It is apart from the discount vouchers which are currently on the distribution process for farmers and fisherfolks. More updates may be posted soon.
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The government has opened too many windows for corruption. If we become careless with our finances, we might end up as a country of mendicants and beggars.