Shift to federal form, an investment to boost country’s economic activity- ConComPosted on
Davao City (August 16)– The shift to a federal form of government is an investment that entails additional expense at the start but will improve the stature and condition of the nation, Consultative Committee (ConCom) member Professor Edmund Tayao said.
“The additional costs in federalizing the country is an investment that would boost the country’s economic activity later on,” Tayao added.
He cited Ethiopia and Kenya which have both been performing well economically since they federalized.
Tayao said the economic activity in the regions is expected to improve when they are given the power and funds to implement projects and programs for development.
But while the revenue share of the regions will increase under federalism, regional and local governments have the responsibility in the allocation of its funds. “Federalism will give you lots of money but only because it will give you lots of function,” Tayao emphasized. Jiann Padillo/ NewsLine