Diokno sees Maharlika Fund fully operational before 2023 ends

“We believe that the version crafted by our legislators will create a Fund that can accelerate investments in high-impact infrastructure and development projects,” Finance Secretary Benjamin Diokno said. DOF/ File photo

This as the measure is set to be enrolled and transmitted for the approval and signature of the President. “That’s the direction and I see this to be fully operational before the end of the year,” the Finance chief said.P50 billion from the Land Bank of the Philippines The contribution from the national government would come from the following sources:National government's share of the income of PAGCOROther sources such as royalties and/or special assessments

“‘Yes ‘yun ‘yung initial kasi ‘yun pa lang 'yung available and then papasok si BSP, then we'll also get sa PAGCOR,” de Leon said. Diokno said that the MIF bill provides the necessary safeguards to maintain transparency, accountability, fund integrity, and robust risk management.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Maharlika Fund OK sans gov't pension funds, says NEDAThe controversial Maharlika Investment Fund (MIF) would not be hindered by the absolute prohibition of access to the state pension funds, National Economic Development Authority (NEDA) Secretary Arsenio Balisacan said. ManilaBulletin
Source: manilabulletin - 🏆 25. / 51 Read more »

Treasury Bureau: Landbank stable amid qualms over Maharlika Fund contributionNational Treasurer Rosalia de Leon on Saturday allayed fears that state-owned Land Bank of the Philippines, poised to become the country’s largest bank, would collapse should the proposed Maharlika Investment Fund (MIF) fail.
Source: gmanews - 🏆 11. / 68 Read more »

Maharlika Fund vital to PH infra dev't, says nat'l treasurerThe Maharlika Investment Fund (MIF) is vital in accelerating the implementation of infrastructure projects of the national government, National Treasurer Rosalia de Leon said. ManilaBulletin READ:
Source: manilabulletin - 🏆 25. / 51 Read more »

Keep watch on Maharlika Investment Fund, Escudero urges criticsMANILA, Philippines — Critics of the Maharlika Investment Fund (MIF) must remain vigilant despite its expected signing into law by President Ferdinand Marcos Jr., Sen. Francis Escudero said on
Source: inquirerdotnet - 🏆 3. / 86 Read more »