NextGen Day

According to a survey conducted by Social Weather Stations (SWS) and released on Thursday, 46 percent of adult Filipinos anticipate significant benefits from the proposed Maharlika Investment Fund (MIF). The MIF aims to optimize national funds by generating returns to support the administration’s economic goals.

The SWS poll from March 26 to 29 also revealed that 51 percent of adult Filipinos believe they will experience little or no benefit from the MIF.

The survey indicated that around 20 percent of respondents have at least partial but sufficient knowledge about the MIF, while 33 percent have a limited understanding of it.

Meanwhile, the majority, 47 percent, stated they have almost no knowledge or knowledge about the MIF.

The proposed MIF will be invested in various assets, including foreign currencies, fixed-income instruments, corporate bonds, joint ventures, real estate, and infrastructure projects contributing to sustainable development.

Finance Secretary Benjamin Diokno emphasized that establishing the MIF will provide a long-term source of income for the government to support future generations. It will also alleviate the burden on the national budget by providing additional funding for other priority projects.

The SWS survey noted that knowledge about the MIF increases with education, with higher levels of knowledge among college graduates and those who pursued post-graduate studies.

Additionally, the survey showed that the net expected benefit from the MIF was highest among those with extensive knowledge, while those with little or no knowledge obtained negative scores.

Regarding confidence in the MIF not ending in corruption, 31 percent of adult Filipinos expressed much confidence, 38 percent were undecided, and 29 percent had little confidence. Those who expected to benefit more from the MIF exhibited higher confidence in its integrity.

The survey, conducted through face-to-face interviews with 1,200 adults nationwide, had a margin of error of ±2.8 percent for national percentages and ±5.7 percent for specific regions.

Communication Secretary Cheloy Garafil confirmed that the bill establishing the MIF was transmitted to Malacañang on Tuesday. Still, there is no official date yet for its signing into law by President Ferdinand R. Marcos Jr.

Senate President Juan Miguel Zubiri anticipated that the MIF bill would likely be signed into law by the second or third week of July.

The MIF bill, certified as “urgent” by Marcos, establishes a sovereign wealth fund to invest in various assets, promoting economic development.

Under the bill, the MIF will not affect the funds of institutions such as the Social Security System, Government Service Insurance System, Philippine Health Insurance Corp., or Home Development Mutual Fund.

Marcos’ economic team ensured that the MIF bill aligns with the fundamental principles of economic policy and financial market participation.

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