Photo Release

September 14, 2020

On ACEF allocations: Sen. Cynthia Villar on Monday, September 14, 2020, asks the Department of Budget and Management (DBM) to release the budget for the Agricultural Competitiveness Enhancement Fund (ACEF) not to the Department of Agriculture (DA) but to ACEF's intended beneficiaries. Villar, during deliberations on the proposed DBM budget for 2021, stressed that according to the law, 80 percent of the budget for ACEF should go to the Land Bank of the Philippines (LBP) for loans to farmers and cooperatives, 10 percent to the Commission on Higher Education (CHED) for scholarships of agriculture students, and another 10 percent to the state universities and colleges (SUCs) for research and development. (Screen grab/Senate PRIB)

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