THE Department of Agriculture (DA) said on Tuesday that the P20-per-kilo subsidized rice program will tap the contingency fund of President Ferdinand R. Marcos, Jr.
The Office of the President has authorized the release of P5 billion from its contingency fund to Food Terminal, Inc., (FTI) which will distribute rice bought from the National Food Authority (NFA) to local government units (LGUs) and the Kadiwa network of government-supported produce markets, Agriculture Secretary Francisco Tiu Laurel, Jr. said at a briefing.
The FTI will spend P4.5 billion to procure the rice, with the remaining P500 million going to logistics and packaging, he added.
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