DBM allots P3.52B for Land Tenure Security Program

The Department of Budget and Management (DBM) said Thursday it has set aside P3.52 billion for the Land Tenure Security Program (LTSP) of the Department of Agrarian Reform (DAR) under the proposed P5.268-trillion national budget for next year.
 
In a statement, the DBM said the proposed LTSP budget is 12.68% higher than this year’s P3.12-billion allocation.
 
It said the DAR would utilize the amount to acquire and register 27,942 hectares of land and to distribute 27,102 hectares of private agricultural and government-owned lands in favor of Filipino farmers.

The P3.52-billion LTSP funds will cover the following subprograms:

• land acquisition and distribution (P3.03 billion)
• non-land transfer activities (P11.89 million)
• landowners’ compensation by the Land Bank of the Philippines (P256.78 million)
• post-land distribution (P65.12 million)
• other engagements in keeping with the LTSP (P152.95 million)

The LTSP is a major undertaking of the DAR, together with the Agrarian Reform Beneficiaries Development and Sustainability Program and Support to Parcelization of Lands for Individual Titling. — VBL, GMA News