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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...

Statement of the Department of Finance  Billions in unused and idle funds of government corporations are being marshalled for projects in health, social services, and infrastructure that serve the public, finance growth, and cut poverty. Unlocking these excess fund balances is a...

PRESS RELEASE Finance Secretary and Philippine Guarantee Corporation (PHILGUARANTEE) Chairperson Ralph G. Recto has commended the state firm for achieving double-digit growths in credit guarantee support and number of beneficiaries, underscoring its instrumental role in providing...

@ralph.recto 2nd BIR and BOC Command Conference July 10, 2024 #fyp #foryou #foryoupage #viraltiktok ♬ Good Vibes – Rerewrpd

PRESS RELEASE Finance Secretary Ralph G. Recto has joined President Ferdinand R. Marcos, Jr. in a site visit at the Public-Private Partnership (PPP)-led Upper Wawa Dam project—the biggest water source project in the country in over 50 years that will ensure sustainable access to...

PRESS RELEASE Finance Secretary Ralph G. Recto has told economic journalists that the government will exhaust its power to ensure that the next generations of Filipinos will not inherit the same challenges of today, and has called on them to continue fair and insightful reporting...

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...

SB 1520: Medical Scholarship Act Senate President Pro Tempore Ralph G. Recto 14 September 2020 Mr. President: Against diseases, we have to find a vaccine. But when it comes to our collective health, there is a thing called institutional inoculation. This bill inoculates us...

EXPLANATION OF VOTE SB 1564: Bayanihan to Recover As One Act Senate President Pro Tempore Ralph G. Recto 28 July 2020 Mr. President:  Today we hit the ground running as befits the call of the times.  The virus may be faster than the bureaucracy, but it should not be...

We have just emerged from the world’s longest lockdown—75 days—when 109 million of us in the 13th most populous country in the planet hunkered down to stop the virus. Although it spared us from digging mass graves, it, however, buried businesses in unpaid bills, our people in...

Senate President Pro Tempore Ralph G. Recto 13 May 2020 A medical diploma carries a hefty price tag in this country. Tuition is so high, and other fees so prohibitive, that the joke is that medical schools should put a recovery room beside the school cashier. Or deploy crash...

I vote ‘Yes’ to this measure, Mr. President.  In reality, the main challenge is not to expand the coverage of the Legal Assistance Fund, but to increase its funding.  It is not about having more slices out of the pie, but how to make that pie bigger. Because the current...

SPONSORSHIP SPEECHSB 1365: Alternative Learning SystemSenate President Pro Tempore Ralph G. Recto26 February 2020 The sheer number of people—nearly 7 million—who stands to benefit from this bill makes it a policy necessity. And the massive good it will bring to individuals and to...

Mr. President: Throughout history, legislation has always marched behind technology. It has always been innovation first, regulation later. And most often, government’s intervention follows this Reagan doctrine: If it moves, tax it. If it keeps moving, regulate it. And if it...