MANILA, Philippines — The Makabayan bloc on Wednesday said that the country's debt is too large to have a Maharlika Investment Fund (MIF). During a press briefing in the House of Representatives, ACT Teachers Rep. France Castro said that the budget is too tight. 'Tayo ay malaki ang utang natin malapit na maging P14 trillion and we are working on a deficit budget. Wala tayong extra na pera. Kung meron mang extra galing sa Landbank, galing sa [Development Bank of the Philippines], galing sa Central Bank dapat ito ay itulong na lang directa sa ating mga mamamayan,' said Castro.

https://newsinfo.inquirer.net/1777538/fwd-ph-debt-too-large-to-have-maharlika-investment-fund-makabayan-bloc

#inquirer