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Article: Ramos Signs Amended Agrarian Reform Law
- Article from:
- Xinhua News Agency
- Article date:
- February 23, 1998
CopyrightCopyright 1998 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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Philippine President Fidel Ramos Monday signed an agrarian reform
bill into law to give more funds to the government's land reform
program that will benefit six million farmers nationwide.
The amended Comprehensive Agrarian Reform Program of 1998 doubles
the amount for the agrarian reform fund from 50 billion pesos (1.25
billion US dollars) to 100 billion pesos (2.5 billion dollars).
It mandates the use of the amount as revolving fund, allowing the
farmers' payments for the land they acquired to become part of the
fund to be further used for agrarian reform.
Ramos hailed the amended law for representing the commitment of
the legislative and executive branches to social amelioration and