Department of Agriculture 2024 fund allocation increase at 6%

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Department of Budget and Management (DBM) Secretary Amenah Pangandaman discredited the supposed lower portion of assets for the agriculture under the proposed P5.768 trillion Public Consumption Program (NEP) for 2024. The secretary made this explanation after the arrival of the 2024 NEP where it tends to be seen that the DPWH has a higher financing proposition of P801.2 billion contrasted with the Department of Agriculture (DA) which just has P181 .4 billion. Budget Secretary Pangandaman made sense of that the DA and Department of Agrarian Reform (DAR) subsidizing has started to increment by 30% in the current year's public financial plan while it will increment by 6% for 2024. The secretary additionally said that with regards to the DPWH reserve, they changed it to the medium-term financial system of the Marcos organization. Where the objective under this system is for framework spending to reach 6% of our nation's GDP (Gross domestic product). The authority likewise kept up with that the Marcos organization stays focused on apportioning adequate assets for agriculture.

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