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Acting SRA head lauds 41% hike in next year's budget

BACOLOD CITY - Acting Administrator David John Thaddeus Alba has lauded the 41-percent increase in the annual budget of the Sugar Regulatory Administration (SRA) for the year 2023. "We welcome the budget increase for SRA for next year's utilization as the industry is in dire need of programs to be implemented so we can increase productivity," Alba said in a statement on Monday. From a budget of PHP712.2 million this year, SRA will receive PHP1 billion next year. He said with higher allocation, there will be more funds for research and development programs and support services for small farmers, particularly those in block farming, that will boost the national government's thrust on food security. Alba said they also welcome the PHP19.5-billion fund for fertilizer support after prices of fertilizers have tripled in the last three years. "We hope that sugar farmers and all the others in (the) agriculture industry will benefit from this earmarked program," he a ....

David John Thaddeus Alba , Sugar Industry Development Act , Sugar Regulatory Administration , Administrator David John Thaddeus Alba , Republic Act , Bacolod City Acting Administrator David John Thaddeus Alba Has Lauded The 41 Percent Increase In Annual Budget Of Sugar Regulatory Administration Sra For Year 2023 Quot We Welcome Next 39s Utilization As Industry Is Dire Need Programs To Be Implemented So Can Productivity , Uot Alba Said Ina Statement On Monday Froma Budget Of Php712 2 Million This Year , Ra Will Receive Php1 Billion Next Year He Said With Higher Allocation , Here Will Be More Funds For Research And Development Programs Support Services Small Farmers , Articularly Those In Block Farming , Hat Will Boost The National Government 39s Thrust On Food Security Alba Said They Also Welcome Php19 5 Billion Fund For Fertilizer Support After Prices Of Fertilizers Have Tripled In Last Three Years Quot We Hope That Sugar Farmers And All Others Agriculture Industry Benefit From This Earmarked Program , Uot He Added Moreover , Lba Said He Is Hopeful That The Sra Can Also Get Back Entire Php2 Billion Allocation Under Sugar Industry Development Act Sida Quot This Has Been Cut Down Toa Fourth For Year To Be Sustainable And Attain Self Sufficiency Country , E Need To Double Time In Our Efforts And Any Budget Increase Will Help Ensure We Can Meet This , Uot He Said This Year , He Sida Fund Was Further Reduced To Only Php500 Million As The Sugar Industry Has Been Accused Of Underutilizing Allocation , Lba Had Earlier Said The Sida Or Republic Act 10659 , Hich Was Enacted In 2015 , Ims To Promote The Competitiveness Of Sugarcane Industry And Maximize Utilization Resources , Nd Improve The Incomes Of Farmers And Farm Workers , Hrough Improved Productivity , Product Diversification , Job Generation , Nd Increased Efficiency Of Sugar Mills The Php2 Billion Annual Fund , Hp1 Billion Is Allocated For Infrastructure , Ainly For Farm To Mill Roads Php300 Million Credit Php100 Scholarships Block Of The Land Reform Beneficiaries And Shared Facilities Program Pna ,