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HON. MICHAEL “MIKEE” L. ROMERO, Ph. D.
1-PACMAN Party-list
Assistant Majority Leader
Vice Chair, Youth & Sports Development and 2 other Committees

P24 BILYON PARA SA TAX REFORM CASH TRANSFER PROJECT, PASOK SA LANDBANK BUDGET

“Nakapaloob sa budget ng Landbank sa 2018 ang P24.488 billion para sa Tax Reform Cash Transfer Project nito. Kasama rin sa pondo ng Landbank at ng DBP ang tig-P1.33 billion para sa pautang sa mga PUV operator na susunod sa PUV modernization program ng Department of Transportation,” pagsisiwalat ni 1-PACMAN Party-list Representative Michael Romero.

Binigyang-pansin yan ni Romero bilang kasapi ng House Committee on Banks and Financial Intermediaries upang “malaman ng publiko ang mahalagang papel ng Landbank at Development Bank of the Philippines sa buhay ng mga mahihirap at mga PUV operator.”

Hinihintay na lamang ng Kongreso ang “project mechanics and components” ng PUV modernization project mula sa DOTr, DBP, and Landbank.

Babalangkasin naman DSWD at Landbank ang guidelines para sa P24.488 billion subsidy para sa mga mahihirap. Matagal nang magkatuwang ang DSWD at Landbank sa pagpapatupad sa 4Ps program.

Ipinaalala rin ni Romero na ang forecast ng Bangko Sentral para sa buong taon ng 2018 ay inflation na hindi lalagpas sa 4 percent at ang inaasahan na pagtaas ng mga presyo ng bilihin dahil sa TRAIN law ay hindi pangmatagalan.  (END)

Background: Rep. Michael Romero has filed five (5) bills related to Land Bank of the Philippines

HB04353 AN ACT INCREASING THE ALLOTMENT OF THE REGULAR LOAN PORTFOLIO OF THE LAND BANK OF THE PHILIPPINES (LBP) FOR FINANCING AGRICULTURAL PROJECTS IN PURSUANT WITH THE PROVISIONS OF R.A. NO. 10000, OTHERWISE KNOWN AS "THE AGRI-AGRA REFORM CREDIT ACT OF 2009", AND FOR OTHER PURPOSES

HB04472 AN ACT MANDATING THE LAND BANK OF THE PHILIPPINES (LBP) TO PROVIDE ADDITIONAL FUNDING FOR THE "AGRICULTURAL CREDIT POLICY COUNCIL (ACPC)" TO ASSIST THE DEPARTMENT OF AGRICULTURE (DA) IN SYNCHRONIZING ALL CREDIT POLICIES AND PROGRAMS, DEFINING ITS FUNCTIONS, AND FOR OTHER PURPOSES

HB04473 AN ACT MANDATING THE LAND BANK OF THE PHILIPPINES (LBP) TO PROVIDE ADDITIONAL FUNDING FOR THE "AGRO-INDUSTRY MODERNIZATION CREDIT AND FINANCING PROGRAM (AMCFP)" TO IMPLEMENT CREDIT ASSISTANCE PROGRAMS, DEFINING ITS FUNCTIONS, AND FOR OTHER PURPOSES

HB04480 AN ACT MANDATING THE LAND BANK OF THE PHILIPPINES (LBP) TO PROVIDE ADDITIONAL FUND ALLOTMENT FOR THE FULL IMPLEMENTATION OF RA NO. 3844 OTHERWISE KNOWN AS "THE AGRICULTURAL LAND REFORM CODE", AND FOR OTHER PURPOSES

HB06735 AN ACT MANDATING THE LAND BANK OF THE PHILIPPINES (LBP) TO FOCUS ON ITS CHARTER TO ALLOCATE SIXTY (60) PERCENT OF ITS TOTAL LOAN PORTFOLIO IN SOLELY PROVIDING SUPPORT AND FINANCING SERVICES FOR FARMERS AND FISHERFOLKS ALL OVER THE COUNTRY, TO PROMOTE INCLUSIVE GROWTH AND IMPROVE THE QUALITY OF LIFE ESPECIALLY IN THE COUNTRYSIDE THROUGH THE DELIVERY OF INNOVATIVE SCHEMES, AND FOR OTHER PURPOSES

Reference: http://www.dbm.gov.ph/wp-content/uploads/NEP2018/BSGC/C.pdf

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Philippine Government Budget Reform

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