SPEAKER Ferdinand Martin Romualdez welcomed the signing of the Maharlika Investment Fund (MIF) Act, saying it was intended to be an additional vehicle for financing big-ticket infrastructure projects without incurring more foreign debt or having to impose new taxes.

'As an additional vehicle for financing, the MIF is expected to widen the fiscal space in the near- to medium-term as it reduces heavy reliance on local funds and development assistance as the main financing mechanisms for infrastructure projects,' Romualdez said.