Arroyo: Marcos ultimately accountable for proposed Maharlika Investment Fund

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“The success of any fund, sovereign or private, lies in the quality of its management.  In the current version of the Maharlika Wealth Fund, the President of the Philippines chairs its governing Board,” Arroyo said.“This is a powerful statement that the highest official of the land will hold himself as ultimately accountable to the Filipino people for the performance of the Fund,” she added.

Former president and House Senior Deputy Speaker Gloria Arroyo on Monday said President Ferdinand Marcos, Jr. is the ultimate person accountable for the proposed Maharlika Investment Fund or sovereign wealth fund.wherein a P250 billion capital for the MIF will come from state financial institutions, and P25 billion from the National Treasury. Other contributions will come from BSP and Philippine Amusement and Gaming Corporation, among others.

Once the Fund is operational, Arroyo said Marcos can also count on the advice from the Department of Finance which is headed by Secretary Benjamin Diokno. “The Fund is seeded by investible funds from GFIs that they would invest, anyway, in order, ideally, to maximize returns and generate funds that contribute to or supplement the financial resources at the disposal of the government for programs and projects that benefit the Filipino people. Second, the Fund will have an established mechanism for future contributions,” she said.

But for Komunidad ng Pamilya, Pasyente at Persons with Disabilities party-list, having President Marcos as the chair of the Maharlika fund is what makes the proposal dangerous, and that taking capital of the MIF from Government Service Insurance System and Social Security System is not allowed under existing laws.

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Ang Sabi Ng Isang punompuno Ng credibility hahahahhha same feather naman kayo Anu po

Wow baka diyan na ipapasok ang interest ng Marcos Gold at ipamimigay na sa mga Pilipino, except na dun sa mga ayaw at dilawan at pinklawan supporters at panindigan niyo yan.

eto ba mapapala namin kapag nalugi at nanakaw na pera ng pensioners sa maharlika

ang dami dami nyong malalaking magnanakaw sa gobyerno ni wala naman napaparusahan

I accountable mo face mo gaga. nanakawin ang pera tapos mag se senate hearing na wala rin naman pupuntahan at mapaparusahan. in the meantime ang pension ng mga tao wala na.

Isa pa itong gagong ito hndi na mamatay

Coming from u?cooking law na ito

That is what is scary. How can a person, who has not put himself under the accountability of the law in paying his family's estate taxes and returning the ill-gotten wealth which his family in enjoying, be trusted to be accountable with the people's money.

Dun pa nga lang sa pagbabayad nga ng tamang buwis, hindi na ma-hold acccountable e... 😒🙄

ulol

GMA is one the advisers of bbm. Trust issues...

Yung mga politikong gustong gusto ng Maharlika Eme eme fund may mga bahid ng pagnanakaw eh no.

and we are very much acquainted with their sense or lack thereof- of accountability- so if that's meant to assure any thinking human being, you are gravely mistaken.

Jusmiyo. Haynaker

Do you have the credibility to talk about accountability? Salamat Garci?

How can we trust the President with our pension if he himself can not be accounted for paying his taxes? By the way, look who's talking!

Daming Poncio Pilato. Pero pag nakuha na ang pondo, lahat sila naka abang sa pinto ng San Miguel.

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