NEDA says initial Maharlika funds not part of 2024 national budget

By Charles Dantes, Maricel V. Cruz and Macon Ramos-Araneta

NATIONAL Economic and Develop ment Authority (NEDA) Secretary Ar senio Balisacan on Wednesday assured the public that the signing of the Maharlika Investment Fund will not affect the 2024 national budget.

In a briefing in Malacañang, Balisacan said that the money put in the sovereign wealth fund are idle funds and not funds included in the P5.77-trillion national budget.

“And what the fund is trying to do is to put those into more productive, higher-yielding instruments so that you can earn more from those funds,” the

President wants list of gov’t land good for housing

By Charles Dantes

NEDA secretary said. He added that the Maharlika fund will allow the country to decrease its reliance on debt. Asked about the selection of its board