Neda chief backs Maharlika fund to help sustain economic growth

Secretary Arsenio Balisacan, chief of the Neda, backs the proposed MIF as it would help the country sustain its growth. | JEMendozaINQ

One of the most salient amendments was the removal of the contributions from the Government Service Insurance System, the Social Security System, and P25 billion from the national budget as sources of the MIF’s seed fund.

Balisacan said the fund could bankroll infrastructure projects, saying there was a need to invest in logistics and transportation networks critical to supply chains, especially for the agriculture and manufacturing sectors.

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