HOUSE Speaker Ferdinand Martin Romualdez said the Congress respects the Supreme Court’s directive for the Executive and Legislative branches of government to provide their response concerning Republic Act (RA) 11954, the Maharlika Investment Fund Act of 2023.
This after the Supreme Court asked the Palace, and Congress to answer petition assailing Maharlika Fund Act.
“The House of Representatives, under my leadership as the Speaker, affirms its commitment to the rule of law and will duly submit our comment within the ten-day timeframe,” said Romualdez.
“It is crucial to underscore that the creation of the Maharlika Investment Fund aims to provide the country with a mechanism for financial stability and economic growth.
We have followed due legislative processes in crafting and enacting this law, keeping in mind the best interests of the Filipino people,” Romualdez said in a statement.
He added that it is important for the public to know the intent was always to ensure transparency, accountability, and financial prudence in the management of public funds. We will thoroughly review the petition’s claims to ensure the Fund’s integrity and our adherence to the Constitution.
“Our nation’s prosperity and welfare are at the forefront of our legislative agenda, and we remain open to any constructive dialogue that would further our shared goal of uplifting the lives of Filipinos,” the Speaker concluded.
