PCAFI urges state of emergency for food crisis
The Philippine Chamber of Agriculture and Food Inc. is urging President Ferdinand Marcos Jr. to declare a state of emergency to address a looming food crisis.
Declining agricultural productivity, a depleting treasury, and low private sector confidence are the main issues facing the country.
PCAFI president Danilo Fausto suggests that a state of emergency would allow local government units to allocate part of their internal revenue allotment towards improving agriculture production.
Under the Mandanas-Garcia ruling, LGUs will receive an additional P235 billion in 2022 from their share of national taxes.
President Marcos is open to the idea but is cautious and has asked his legal team to review it due to potential sensitivities involving local government units.
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