Govt to lose P1B with moratorium on land amortization
newscatcher
2022-09-14 17:30
Govt to lose P1B with moratorium on land amortization
A RANKING official of the Department of Agrarian Reform (DAR) on Wednesday said that the government will lose at least P1 billion in annual revenues with the implementation of one-year moratorium on land amortization and interest payments of agrarian reform beneficiaries (ARBs) for agricultural lands distributed under the Comprehensive Agrarian Reform Program (CARP).In a radio interview, DAR Undersecretary Marilyn Barua-Yap added that at least 655,000 ARBs will benefit from the Executive Order (EO) 4 signed by President Ferdinand "Bongbong" Marcos Jr.

https://www.manilatimes.net/2022/09/15/news/national/govt-to-lose-p1b-with-moratorium-on-land-amortization/1858519

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