West Philippine Sea to be put in the Maharlika Investment Fund , the proposed state-sponsored social wealth savings plan.
“Right now, the Malampaya royalties accrue to the national treasury every year and help fund the national budget. This is okay since the project’s gas deposits are nearing depletion anyway,” he said. “We cannot include the SSS and GSIS in the MIF. It would be untenable. The national government itself should put in all the money for the MIF,” he said.
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