“So this is a very good bill and now like all sovereign funds, that key will be in the management and implementation,” she added.
“And, unless we create a vehicle for investable projects, chances are, that’s going to be released in dividends outside the country or used to pay foreign corporate debt, rather than develop our domestic sectors.” Camarines Sur 2nd District Rep. LRay Villafuerte also issued the same sentiments, saying that Republic Act No. 11954 will help the country complete several projects that are in-line with the administration’s agenda — that originally, would have to wait due to funding limitations in the annual budget.
“The Maharlika Investment Fund is an additional vehicle to optimize the government surplus. This will significantly expand the country’s fiscal space and alleviate pressures in financing public infrastructure projects, as we typically rely on Public-Private Partnership or Official Development Assistance mechanisms,” delos Santos said.
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