During the two-hour interpellation, minority lawmakers quiz the bill's sponsor on the need for a sovereign wealth fund amid economically challenging times.
on Saturday, December 17. The last plenary session, however, is on Wednesday, December 14.
“That’s the industry average of what other countries profit from their sovereign wealth funds,” Tieng told Brosas. He pointed out that the Philippines has a national debt worth P13.64 trillion, and a heightened trade deficit . Tieng said authors of the bill have agreed to slap more stringent penalties against violators of the measure, although he did not specify potential amendments.It remains to be seen whether the Maharlika fund bill will be passed on second reading on Wednesday, December 14.
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