President Ferdinand “Bongbong” Marcos Jr. on Tuesday vowed to expedite the distribution of land ownership titles to agrarian reform beneficiaries this year.
This was tackled during the Cabinet meeting in Malaca?ang where the Department of Agrarian Reform (DAR) presented its accomplishments from last year and its targets for 2023.
Marcos has tasked DAR with stepping up measures to distribute the certificates of land ownership awards (CLOAs) to beneficiaries.
The President also promised to provide support to help agrarian reform beneficiaries improve their living conditions.
Last September, Marcos ordered a year-long moratorium on the annual amortization and interest payments of agrarian reform beneficiaries.
Section 1 of Executive Order No. 4 states that, subject to the limitations and conditions provided under applicable laws and issuances, the implementation of the suspension of payment of the following is hereby directed:
The total cost of the land under Presidential Decree No. 27, including interest at the rate of 6% per annum as provided under Section 6 of EO No. 228; and The principal value including the 6% annual interest of the 30-year land amortization of agrarian reform beneficiaries under Section 26 of Republic Act 6657, as amended. —VBL, GMA Integrated News
