Balisacan: 2024 budget won't be used for Maharlika fund

Socioeconomic Planning Secretary Arsenio Balisacan. File PhotoAt a Palace press briefing, Balisacan allayed concerns that the MIF will greatly affect next year's national budget.'To begin with, the total budget is going P5.3 trillion, we are talking only about P135 billion but even that is not part of the budget – these are funds that are not you know used either in LandBank and DBP and also remittance of the Central Bank or BSP to the national government,' Balisacan said.

Under the law, the initial capital will come from the investible funds of the Land Bank of the Philippines, the DBP, declared dividends of the BSP, and other sources.The NEDA chief said the MIF is also not expected to raise the national debt.'No, it will not happen by design because the funds that we are putting in there are quite, you know, idle funds not funds that are being utilized.

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NEDA chief guarantees Maharlika Investment Fund won't affect national budgetA day after the Maharlika Investment Fund was signed into law, National Economic and Development Authority Secretary Arsenio Balisacan ensured that the fund will not affect the national budget for fiscal year 2024.
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