EXECUTIVE Secretary Lucas Bersamin on Tuesday expressed confidence that the Maharlika Investment Fund (MIF) Law will pass the scrutiny of the Supreme Court should critics question its legality. READ:
The former chief justice said that they did look into the enrolled bill first before it was signed by President Ferdinand Marcos Jr.'We are not sure what questions will be raised to attack its constitutionality, but we are confident that with two branches of government putting their heads together on this legislation, the Supreme Court will see through and approve or pass upon its judgment in favor [of MIF],' Bersamin said in a television interview.
The MIF seeks to create a new revenue stream for the government aside from the usual taxes. The profits of the fund will be used to bankroll big-ticket projects.In his second State of the Nation Address on Monday, Marcos said the MIF will finance the government's ambitious infrastructure projects 'without the added debt burden.'He said the fund will help support the government's P8.
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