Southeast Asian Fisheries Development Center, which is partly owned by the government, has asked the Department of Foreign Affairs to increase its 2007 budgetary allocation to 120 million. SEAFDEC aquaculture department chief Joebert Toledo said budgetary shortfalls continued to hound the agency’s annual operations since the government slashed the annual budget to P100 million from P220 million in 2000. “While projects continue to come, funding sources dwindle. With the meager allotment we received from the government, we received from the government, we are virtually bereft of funds. This pushes us to seek external funding sources and encourage collaborative research," said Toledo.

Campos, O. V. (2006, July 3). SEAFDEC eyes higher budget. Manila Standard, p. B3.