The shift to a federal system of government would not have any "adverse effect" on the economy, Malacaang saidon Wednesday, after the country's top economist cautioned that federalism could drain government finances. Presidential Spokesperson Harry Roque saidthe Palace has already "discussed and clarified the matter" with Socioeconomic Planning Secretary Ernesto Pernia. 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 wo...
Keep on reading: Palace twits Pernia: Federalism has no adverse effect on economy
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