DOF open on return of Marcos ill-gotten wealth
THE head of the Duterte administration’s economic team is open to the proposal of the family of the late dictator Ferdinand Marcos to return the ill-gotten wealth accumulated during his 21 years in power.
“We are certainly hopeful that we get additional revenues because this is not planned at the moment. So, you know, we will encourage them to do it,” Finance Secretary Carlos G . Dominguez III told reporters last week when asked if he is amenable to accept the Marcoses’ offer to return the questionable assets in order to fund the government’s ambitious infr ast ructure prog ram dubbed “Build, Build, Build.”
Under the “Build, Build, Build” program, the government plans to rollout 75 flagship, “game-changing” infrastructure projects to be started and finished in the next six years, as well as spend up to P9 trillion on hard and modern infrastructure until 2022.
“Actually, the Department of Finance is never involved directly in the negotiations with those people, it was really the Presidential Commission on Good Government. So definitely we will encourage them [the PGCC] to, you know, get as mu c h as possible,” Dominguez said.
As for the pending cases against the Marcoses, Dominguez said the DOF was also only “marginally involved” hence will only receive the proceeds if courts order the family to return ill-gotten assets.