
P2.4B budget seen for sugar industry in 2026; No importation plan, SRA says
SRA Aministrator Pablo Luis Azcona at the Senate Committee on Finance subcommitte hearing on Wednesday, Oct. 8*Congress is expected to allocate P2.4 billion for the sugar industry in the 2026 national budget, Agriculture Secretary Francisco Tiu Laurel Jr. said on Wednesday, October 8.Laurel, speaking at a Senate Committee on Finance Subcommittee J hearing, said the Department of Budget and Management (DBM) allocated P1 billion for the industry in the National Expenditure Program for 2026 and the Lower House approved an additional P1.4 billion.If the Senate approves it the industry will be granted P2.4 billion in 2026.Laurel told the senators that the Sugarcane Industry Development Act of 2015 needs amendments for more flexibility in the use the funds approved by Congress ...









