BTr chief seeks close review, but cites safeguards of Maharlika Wealth Fund - BusinessMirror

National Treasurer Rosalia V. De Leon has joined the calls to scrutinize the proposed MWF while pointing out that the current version of the fiscal measure has numerous safety measures to ensure prudent use of national government’s coffers. Know more:

NATIONAL Treasurer Rosalia V. De Leon has joined the calls to scrutinize the proposed Maharlika Wealth Fund while pointing out that the current version of the fiscal measure already has numerous safety measures to ensure prudent use of national government’s coffers.

De Leon enumerated eight safety measures found in the current version of the MWF bill that includes the “strict” adherence to the Santiago Principles and the provision that the fund shall be governed by all applicable government laws, rules and regulations. The Advisory Board will be composed of the Secretary of Finance, the Secretary of Budget and Management, the Treasurer of the Philippines and the Socioeconomic Planning Secretary and Director-General of the National Economic and Development Authority .

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