Agrarian Reform Debt Condonation Act

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Republic Act No. 11953: Agrarian Reform Debt Condonation Act

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Title Source: Supreme Court: Agrarian Reform Debt Condonation Act

Law: Republic Act No. 11953

Decision Date: Jul 7, 2023

The New Agrarian Emancipation Act condones P57.557 billion in principal loans and unpaid amortizations for over 610,000 Agrarian Reform Beneficiaries, while exempting their awarded agricultural lands from estate tax, thereby alleviating their financial burdens and promoting agricultural productivity.

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