P83 billion unused for coconut-industry poverty alleviation

17 November 2014

By Rigoberto Tiglao

It could be another case, as worse as its lead-footed release of funds for Yolanda-devastated areas, of the Aquino Administration’s criminal inefficiency and sluggishness in undertaking real reform programs. Or there may be a worse explanation.

Since September 2012 – two years ago – the Supreme Court finally ended nearly two decades of litigation and ruled that the P82.8 billion that originated from the so-called coco-levy imposed during the 1970s by the strongman Marcos were absolutely government funds that could be used only for the coconut industry.

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