Lagman calls on Marcos to use contingent funds to bail out rice retailers

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Lagman calls on Marcos to use contingent funds to bail out rice retailers
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The Liberal Party president points out: if Vice President Sara Duterte benefited from the said contingent funds so that her office can have confidential funds last year, why can't rice retailers?

MANILA, Philippines – Opposition lawmaker Edcel Lagman suggested that President Ferdinand Marcos use the contingent fundin the 2023 national budget to help rice retailers impacted by the government’s move to impose a price ceiling on the national staple.

The Liberal Party president also made this point: if Vice President Sara Duterte benefited from the said contingent funds so that her office can have confidential funds last year, why can’t rice retailers? “If the contingent fund can be utilized to grant ‘confidential funds’ to the Office of the Vice President in 2022 when the said office did not have any appropriated secret funds, with more reason the President’s contingent fund can be used to bail out small rice retailers,” Lagman said in a statement on Wednesday, September 6.

“The contingent fund is provided to respond to unforeseen urgent and critical circumstances during the fiscal year, and it is not limited to specific occurrences and obligations,” the Albay 1st District lawmaker added.from this year’s budget to assist rice retailers. House appropriations chairman Zaldy Co said the money may be sourced from unprogrammed funds.which basically set a price cap on rice – P41 per kilo for regular milled rice, and P45 per kilo for well-milled rice.

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