SC unlikely to rule if Maharlika bill passes; Lagman won’t challenge

Opposition senators Aquilino Pimentel III and Risa Hontiveros have expressed their willingness to support efforts to bring the bill to the SC.

Pimentel previously questioned why the Senate did not ratify the bicameral conference committee report, which had the House’s agreements to the higher chamber’s amendments.“The Senate did not have to ratify the bicameral conference committee report because its version was accepted in its entirety by the House panel, and the House ratified the bicam report,” explained Lagman.

Nonetheless, Lagman reiterated that the money earmarked for the Maharlika fund bill could be used better. “The projected P500-B funding for MIF could be put to better use as budgetary support to finance in the national budget basic socio-economic services and infrastructure development, rather than invest the same for contingent and lengthy ventures while the country does not have a revenue surplus and even has a surfeit of negative economic indicators like a huge fiscal deficit; high inflation rate; a very low human development index ranking; and poor gross domestic product per capita,” said...

After being adopted by the lower chamber, the MIF bill now only awaits the signature of the President before it becomes law.

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