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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...

PRESS RELEASE Finance Secretary Ralph G. Recto has given recognition to the Landbank of the Philippines (LANDBANK)’s outstanding cooperatives, micro, small and medium enterprises (MSMEs), financial institutions, corporations, and farmers as strong partners in spreading economic...

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed the implementation of an interagency data-sharing system that will facilitate a more efficient and modernized tax administration process, helping the government boost much-needed revenues to accelerate the nation’s...

PRESS RELEASE Finance Secretary Ralph G. Recto underscored that the Department of Finance (DOF) is maximizing every peso collected in its revenue efforts to prioritize funding for education along with social protection, food security, and infrastructure, among others, to produce...

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...

EXPLANATION OF VOTE Bicameral Conference Committee report on the disagreeing provisions of SBN 1564 and HBN 6953: Bayanihan to Recover As One Act Senate President Pro Tempore Ralph G. Recto 20 August 2020 Mr. President:  How I wish we could report back a pandemic response...