Finance Secretary Benjamin Diokno expressed opposition on Friday to the proposal to make the dividends from government-owned and controlled corporations (GOCCs) the initial funding source of the Maharlika Investment Fund (MIF).
"Meron lang akong objection . There’s a proposal to tap dividends from [state] corporations, but this would require changing their charters. Mas madugo ‘yon eh, diba? " Diokno told reporters on the sidelines of a forum organized by the Makati Business Club.
Last month, Albay Representative Joey Salceda, who chairs the chamber’s ways and means panel, disclosed that the MIF bill underwent revision during the Christmas break., removing dividends from the Bangko Sentral ng Pilipinas and state-run banks from the pool of fund sources."We have already identified steady and sizable sources for the Maharlika Fund," Diokno said.
"Tapos meron pa tayong proceeds from privatization . That’s easily another P100 billion… so we don’t have to amend the charters of existing corporations to be able to fund the Maharlika Fund."
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