Philippines' President vetoes sister's bill for new economic zone #shorts #newshorts

Breaking News: Philippines' President vetoes sister's bill for new economic zone #shorts #news

Philippines' President, Ferdinand Marcos Jr, has vetoed a bill sponsored by his lawmaker sister that proposed the creation of a new special economic zone. In his letter to the Congress, Marcos stated, "Fiscal prudence must be exercised particularly at times when resources are scarce and the needs are abundant." Marcos' administration has inherited a government debt of over $200 billion.

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