DOF's Diokno: BSP has ‘too much’ reserves, could be used for Maharlika fund

The Bangko Sentral ng Pilipinas had “too much” gross international reserves and some could be used for the proposed Maharlika Investment Fund, Finance Secretary Benjamin Diokno said Monday.

Latest data from the BSP shows that the GIR — a measure of the country’s ability to settle import payments and service foreign debt — stood atThis is higher than the $93 billion recorded as of end-September, but lower than the $107.888 billion in the same month last year. “Maraming projects dito na ang return is 20%. Sana nagamit namin ‘yung ‘pagka may welfare fund,” he added.

Other contributions are set to come from the BSP, and the Philippine Amusement and Gaming Corporation , among others.on the dollar reserves, along with the central bank’s independence. Sought for comment, Diokno said that several critics of the proposed measure had yet to read the proposal in full.

Sabi ni Felipe Medalla ng BSP nakakabahalang gamitin ang dollar reserves ng BSP, mawawalan ng bala ang bansa panlaban if magkawendang wendang na naman uli ang ekonomiya ng mundo ...

Eh huwag ng umutang ng 1.7 TRILLION PESOS para pandagdag sa proposed 2023 national budget na 5.268 TRILLION PESOS

Too much. Dami nagugutom

My pledge, playstore

Joke No? Diokno!

kaya pala panay utang tayo jokeno? 😜

Yung central bank historically marami ring reserves... ayun na-bankrupt under Marcos Sr.... Now yung anak naman ang pagkakatiwalaan? Eh di nga nya macondemn ang parents nya for their crimes...

If we have too much reserves, why do we need to borrow from other countries or world bank? We still have to pay for interest, if we borrow money.

Well, sila nakakaalam nyan. ano bang alam ng reporter ng GMA about this?

ehh d wow

Nakakagalit

😉😉😉

“Too much” ahehehehe Joke No?

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