If implemented next year, the shift to federalism will cost the government an additional P253.4 billion, the state planning agency National Economic and Development Authority (Neda) said. In its presentation before the Economic Development Cluster on Wednesday, Neda said the proposed federal charter will lead to "inevitable disruptions to the economy's growth momentum and progress in infrastructure improvement efforts." Among those present during the presentation wereFinance Secretary Carlos G. Dominguez III and Socioeconomic Planning Secretary Ernesto M. Pernia. In an interview after the presentation, Neda Undersecretary Rosemarie Edillon told reporters that the projected addit...
Keep on reading: Shift to federalism could cost additional P253.4B in first year — Neda
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