Sunday, October 21, 2018
Close  
  • share this

Palace twits Pernia: Federalism has no adverse effect on economy

By: - Reporter / @NCorralesINQ
/ 02:00 PM July 18, 2018

Presidential Spokesperson Harry Roque and Socioeconomic Planning Secretary Ernesto M. Pernia. INQUIRER FILE PHOTOS

The shift to a federal system of government would not have any “adverse effect” on the economy, Malacañang said on Wednesday, after the country’s top economist cautioned that federalism could drain government finances.

Presidential Spokesperson Harry Roque said the Palace has already “discussed and clarified the matter” with Socioeconomic Planning Secretary Ernesto Pernia.

ADVERTISEMENT

In an interview over One News channel, Pernia said federalism could disrupt infrastructure projects of the administration and “wreak havoc” on the country’s fiscal situation.

“The shift to federalism, we reiterate, would have no adverse effect on the Philippine economy. Our budget would remain the same, as identified national projects would be devolved and transferred to the internal revenue allotment (IRA) of local government units,” Roque said in a statement.

FEATURED STORIES

“These projects include maintenance of barangay roads and bridges, water supply services, barangay health centers and daycare centers, solid waste disposal system of municipalities, among others,” he added.

The administration has embarked on a P8-trillion infrastructure spending within the six-year term of President Rodrigo Duterte. Dubbed as “Build, Build, Build”, the program is seen to improve Philippine economy.

“The role of the national government would be to continue to implement Build, Build, Build projects and would hence be concentrated on policymaking,” Roque said.

The shift to federalism was one of the campaign promises of Duterte, which he believed would address decades long economic and social issues in the country. With a report from Kristine Macasiray, INQUIRER.net intern   /kga

 

ADVERTISEMENT
Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Economy, Ernesto Pernia, federalism, Harry Roque, Malacañang, NEDA
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2018 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.