Gabriela party-list Rep. France Castro made the statement at Wednesday’s House session, where she and Kabataan party-list Rep. Raoul Manuel, voiced their opposition to their chamber’s adoption of the Senate version of the Maharlika bill. | GabrielLaluINQ
Meanwhile, Manuel said that the House-approved version of the MIF — which contained amendments proposed by the Makabayan bloc — was very different from the Senate version that the House adopted.
“Of course, for the information of our colleagues, what we approved is a budget of P75 billion for the Maharlika Investment Fund. In the Senate, it’s P500 billion — equivalent to one-tenth of our annual national budget,” he went on, speaking partly in Filipino. “We even debate about it and made amendments. But then, what was followed was what the Palace wanted — which will, however, be bad for the interests of the Filipino people,” Castro said.
This came after Manila Rep. Irwin Tieng, chair of the House Committee on Banks and Financial Intermediaries said: “On behalf of the Congress panel, we accept the Senate version in principle — subject to style.”
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