Arroyo: Marcos ‘accountable’ sa panukalang Maharlika Investment Fund

Arroyo: Marcos ‘accountable’ sa panukalang Maharlika Investment Fund

December 5, 2022 @ 11:24 AM 2 months ago

MANILA, Philippines- Sinabi ng dating presidente at House Senior Deputy Speaker na si Gloria Arroyo nitong Lunes na si Pangulong Ferdinand Marcos, Jr. ang “accountable” sa panukalang Maharlika Investment Fund (MIF) o sovereign wealth fund.

Tinutukoy ni Arroyo ang House Bill 6398 kung saan ang P250 billion capital para sa MIF ay manggagaling sa state financial institutions, at P25 billion mula sa National Treasury. Magmumula naman ang ibang kontribusyon sa BSP at Philippine Amusement and Gaming Corporation.

“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,” ani Arroyo.

“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,” dagdag niya.

Kapag operational na ang Fund, sinabi ni Arroyo na makaaasa si Marcos sa payo ng Department of Finance (DOF) na pinamumunuan ni Secretary Benjamin Diokno.

“Historically, the Philippines has had a good track record insofar as its Finance secretaries are concerned, so this is a valuable resource that our country can count on as available,” spatuloy niya.

Gayundin, sinabi ni Arroyo na laging mayroong pondo ang pamahalaan para mag-invest sa financial assets ng government financial institutions (GFIs) o reserves ng Bangko Sentral ng Pilipinas.

“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,” pahayag niya.

Mabebenipisyuhan din umano ang MIF ng centralized, specialized, at accountable management.

“Thus, its operations can more transparently be observed, tracked, and monitored, not just domestically, but by the international financial community as well,” dagdag niya.

Subalit, para sa Komunidad ng Pamilya, Pasyente at Persons with Disabilities (P3PWD) party-list, ang pagiging chair ni Pangulong Marcos ng Maharlika fund ang dahilan kung bakit ito mapanganib, at ang pagkuha ng kapital ng MIF mula sa Government Service Insurance System (GSIS) at Social Security System (SSS) ay hindi pinapayagan sa ilalim ng umiiral na batas.

“GSIS and SSS charters state that it is for the insurance of workers once they retire or become disabled. Why get our money for the capital of this fund for some high falutin [supposed] investment worldwide/abroad?” tanong ni Guanzon.

“Even Norway, which has the biggest amount of sovereign fund, lost $174 billion this year. But they have North Sea oil [to profit from]. Tayo? Ano ang  meron tayo [to offset a possible loss]? Hindi nga makabayad ang GSIS and SSS ng pension and other benefits on time,” aniya pa.

Iginiit ni Guanzon na kung nais ng pamahalaan ng sovereign wealth, dapat nila itong pondohan sa national budget o bayaran ng pamilya Marcos ang outstanding estate tax na nagkakahalaga ng P203 billion.

“GSIS and SSS are insurance, and insurance systems anywhere are very strict and conservative on what they can do with the fund,” aniya.

“This government would create wealth for them? Trust is a major issue. They even placed the President as chair of the fund because of political capital. The son of Libya’s dictator Muammar Gaddafi chaired such sovereign fund, and look what happened to them,” sabi pa ni Guanzon. RNT/SA