NEDA: Shift to Federalism to Cost Gov’t PhP253.5B
By Ben O. de Vera, Philippine Daily Inquirer
If implemented next year, the shift to a federal form of government will cost up to P253.5 billion and this will be on top of the current cost of running the government, according to the National Economic and Development Authority (NEDA).
Also, in its presentation to the Economic Development Cluster on Wednesday afternoon, a copy of which was obtained by reporters, NEDA said the proposed federal charter would lead to “inevitable disruptions to the economy’s growth momentum and progress in infrastructure improvement efforts.”