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Budgets

This document presents the Agriculture Public Expenditure Review (AgPER), a document which assesses the ways of increasing the impact of public expenditures on broad-based agricultural growth in the Philippines.

Key points include:

• not withstanding its high growth and poverty reduction potential, Philippine agriculture continues to under-perform
• the allocation of public expenditures has reflected the policy bias toward traditional commodities, mainly the policy supporting rice self-sufficiency
• reforms may be opposed by those who benefit from current policy, thus, short- to medium-term compensation mechanisms may be needed.
  

The paper recommends that the best way of increasing the impact of public expenditure on pro-poor agricultural growth in the Philippines is to improve the composition of expenditure rather than increasing its level. In addition to this, the reallocation of agricultural budget expenditures would produce greater effects with a reform of the policy of rice self-sufficiency.

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