President Ferdinand “Bongbong” Marcos Jr.’s political affect that led to the quick passage of the Maharlika Investment Fund (MIF) invoice should even be used to push for giant infrastructure initiatives, Senate Minority Leader Aquilino “Koko” Pimentel III mentioned Monday.
“The president has so much political capital and so much support from Congress that he can request overwhelming number of votes from both houses to create the Maharlika, then use that same political capital and political influence for the bridge, for the dam, for the roads,” Pimentel mentioned in an ANC interview.
Pimentel pointed this out as he mentioned the results of the creation of a physique that may insert the MIF to the common forms and the annual budgetary means of the federal government. He talked about that among the many initiatives that’s being eyed to be funded by the MIF is a bridge from Bataan to Cavite.
This, he mentioned, might be funded by the annual General Appropriations Act — a regulation accepted by Congress which funds all the federal government initiatives for a particular fiscal yr.
Recently, Pimentel referred to as on Marcos to veto the MIF invoice as its present kind nonetheless has “flaws” which he mentioned are “consequences of haste.” He additionally branded the MIF as an “ill-conceived” laws.
The MIF seeks to determine a sovereign wealth fund by tapping state belongings.
It is now up for Marcos’ approval after the House of Representatives adopted the Senate model of the measure through the bicameral convention final week.
SONA
In the identical interview, Pimentel mentioned discussing the issues within the Agriculture Department shouldn’t be prevented if Marcos desires to essentially give the general public an actual State of the Nation Address (SONA) in July.
“If he actually offers the true SONA, then he can’t keep away from mentioning all of those points regarding agriculture and meals — onion, pork, rooster, sugar, lalo na ‘yung (particularly) sugar,” he said.
The lawmaker said these issues are “penalties” of not appointing an Agriculture secretary.
Marcos, who at present sits as Agriculture secretary, mentioned in January that an agriculture professional would change him because the DA secretary.
GMA News Online sought Malacanang’s touch upon Pimentel’s statements however the senator has but to reply as of posting time. —KBK, GMA Integrated News
Source: www.gmanetwork.com
