ALEJANDRO DEL ROSARIO: At the 365 Club at the Holiday Inn Hotel in Makati, former senator Juan Ponce Enrile expressed his concern about the enormous cost of a shift from the presidential to a federal form of government.
“I don’t know where the government will source the money for this big shift when funds are already scarce for the administration’s Build, Build, Build infrastructure projects and the taxpayers are already groaning from rising cost of living,” Enrile said.
Enrile also said that regions under a federal system would also have the power to secure loans from other nations, making the country’s foreign debts even bigger.