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PRESS RELEASE Finance Secretary Ralph G. Recto has urged his fellow Finance Ministers to drive integrated solutions that bring climate action and poverty eradication all together, stressing the need to balance economic development and climate resilience during a high-level...

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored to the members of the Senate that the Department of Finance (DOF)’s 2025 budget proposal prioritizes digitalization for efficient tax administration and public service, and assured that it adheres to the highest...

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed Moody’s recent affirmation of the Philippines’  Baa2 rating with Stable outlook, which reflects strong confidence in the country’s high medium-term growth potential due to the enactment of investment-friendly...

PRESS RELEASE With the government working to provide for the urgent needs of 115 million Filipinos, it is imperative that it mobilizes unused and idle funds so that these can be tapped to finance priority government health, education, and infrastructure programs. This was...

PRESS RELEASE Finance Secretary Ralph G. Recto assured the public that the use of the Philippine Health Insurance Corporation (PhilHealth)’s sleeping funds for the government’s priority programs and projects will do no harm to its members nor on its plans to expand its benefit...

PRESS RELEASE Finance Secretary Ralph G. Recto has celebrated Japan’s Rating and Investment Information, Inc.’s (R&I) recent upgrade of the Philippines’ credit rating to A- with stable outlook, which reflects robust investor confidence in the country’s high economic growth,...

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the Philippines is on track to meet its fiscal program for 2024 on the back of the government’s robust revenue effort and manageable deficit level during the first half of the year.  “So far, we are on track...

PRESS RELEASE The Department of Finance (DOF) has teamed up with relevant government agencies to discuss ways to promote transparency in the Official Development Assistance (ODA) process and monitor the impact of its projects on beneficiaries. ODAs are loans or grants that are...

‘Recall the PMVIC Orders’ SPONSORSHIP SPEECH Committee Report No. 184 Committee on Public Services on P. S. Res. Nos. 634, 638 and 641 on the Operation of PMVICs Senate President Pro Tempore Ralph G. Recto 24 February 2021 I join the good Senator Poe in sponsoring this Committee...

EXPLANATION OF VOTE Committee Report No. 185 Senate Bill No. 2057 COVID-19 VACCINATION PROGRAM ACT OF 2021 Senate President Pro Tempore Ralph G. Recto 23 February 2021 Mr. President, my dear colleagues:  What is this bill? It is a cocktail of cures for the national vaccine...

EXPLANATION OF VOTE SB No. 2027: Deferring SSS contribution increase Senate President Pro Tempore Ralph G. Recto 22 February 2021 Mr. President, my dear colleagues: In fighting the pandemic, we used the circuit breaker approach, where movement of people is stopped, stores are...

‘You don’t hold a bidding for water supply when your neighbor’s house is on fire’ SPONSORSHIP SPEECHCommittee Report No. 185Senate Bill No. 2057COVID-19 VACCINATION PROGRAM ACT OF 2021Senate President Pro Tempore Ralph G. Recto16 February 2020 Mr. President, my dear...

EXPLANATION OF VOTEBicameral Conference Committee Report on the disagreeing provisions of HBN 4157 and SB 1357: Corporate Recovery and Tax Incentives for Enterprises (CREATE) ActSenate President Pro Tempore Ralph G. Recto03 February 2021 Mr. President, my dear colleagues: It has...

EXPLANATION OF VOTESB 1582: Safe Pathways ActSenate President Pro Tempore Ralph G. Recto01 February 2021 Dear Mr. President, my dear colleagues: On this bill, I have no recourse but to follow the leader of the pack, the captain of the Senate cycling team. I vote yes. A national...

Delivered by Senate President Pro Tempore Ralph G. Recto 21 October 2020 Good afternoon. It is my pleasure to be with you today – even though I was given 20 minutes to discuss a raft of bills which has taken us hundreds of hours to deliberate. Imposing that cap on a politician is...

*Approved on third reading Explanation of Vote SB 1844: An Act authorizing the President to expedite the processing and issuance of national and local permits, licenses and certifications Senate President Pro Tempore Ralph G. Recto 14 October 2020 Mr. President, my dear...