“With the time lost and political capital used up in promulgating the Maharlika Fund, especially since [Finance Secretary] Diokno and the President [Marcos] still insist that Government Service Insurance System and Social Security System funds should still collaborate with Maharlika — Diokno failed in his mission of using the mandate of the Administration to pursue tax and fiscal reforms and to keep the National Treasury well-funded.
“The Philippines does not need the Maharlika law. The national budget will be the first victim of the Maharlika Fund,” she added in a mix of English and Filipino.
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