RalphRecto.Ph

SEP

2024

Recto thanks House appro panel for endorsing DOF’s P33.75-B budget for 2025 that prioritizes digitalization for efficient tax admin and public service

PRESS RELEASE Recto thanks House appro panel for endorsing DOF’s P33.75-B budget for 2025 that prioritizes digitalization for efficient tax admin and public service Finance Secretary Ralph G. Recto has thanked the House of Representatives’ Committee on Appropriations panel for

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TAG Asian Development Bank (ADB), Bagong Pilipinas, Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), Bureau of Local Government Finance (BLGF), Bureau of Treasury (BTr), Central Board of Assessment Appeals (CBAA), Department of Finance (DOF), General Appropriations Act (GAA), House of Representatives, Insurance Commission (IC), Local Governance Reform Project (LGRP), National Tax Research Center (NTRC), People's Survival Fund (PSF), Philippine Tax Academy (PTA), Privatization and Management Office (PMO), Ralph Recto

SEP

2024

Recto lauds PH Tax Academy for expanding training programs, urges further scale-up to boost revenue collections for national development

PRESS RELEASE Finance Secretary Ralph G. Recto has commended the Philippine Tax Academy (PTA) for expanding its training programs last year and urged the agency to further scale these efforts to strengthen public personnel’s tax administration capabilities in order to boost

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TAG Bases Conversion and Development Authority (BCDA), Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), Bureau of Local Government Finance (BLGF), Continuing Professional Development (CPD), Customs Institute (CI), Customs Institute Chancellor Noemi Alcala-Garcia, Customs Institute Vice Chancellor Elizabeth Pableo, Department of Finance (DOF), Development Academy of the Philippines (DAP), Director Ma. Luisa Notario, DOF Undersecretary Maria Luwalhati Dorotan-Tiuseco, Government Owned and Controlled Corporations (GOCC), Internal Revenue Institute (IRI), International Monetary Fund (IMF), Japan Customs Training Institute, Japan International Cooperation Agency (JICA), Korea International Cooperation Agency (KOICA), LGFI Chancellor Ma. Teresa Habitan, Local Government Finance Institute (LGFI), National Tax Agency Japan, National Tax College, National Tax Research Center (NTRC), Philippine Regulation Commission (PRC), Philippine Tax Academy (PTA), Policy Development and Management Service Group OIC-Undersecretary Niño Raymond Alvina, PTA President Gil Beltran, Ralph Recto, TUV Nord, University of the Philippines Los Banos (UPLB)

SEP

2024

Recto: Slower inflation in August shows effectiveness of targeted interventions to stabilize food prices, gov’t to maintain the momentum by remaining vigilant

PRESS RELEASE Finance Secretary Ralph G. Recto has emphasized that the slower inflation rate in August 2024 demonstrates the effectiveness of the government’s targeted interventions to stabilize food prices, and assured the public that it will sustain the downward momentum

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TAG African swine fever (ASF), Bangko Sentral ng Pilipinas (BSP), Budget and Management Ubaida C. Pacasem, Bureau of Customs (BOC), Department of Finance (DOF), inflation, KADIWA ng Pangulo (KNP), La Niña, Ralph Recto, Rice Competitiveness Enhancement Fund (RCEF), rice tariffs

SEP

2024

Recto: Gov’t financing measures always aim to ensure capacity to meet Filipinos’ primary needs

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that whatever measures by the Department of Finance (DOF) to source financing for public programs and projects are always guided by the principle that they will never compromise the government’s ability to meet the

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TAG Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), Commission on Audit (COA), Comprehensive Tax Reform Program (CTRP), Department of Finance (DOF), Excise Tax on Single-use Plastics, Foundation for Economic Freedom (FEF), General Appropriations Act (GAA), Governance Commission for GOCCs (GCG), government-owned and controlled corporations (GOCCs), Medium Term Fiscal Program, Motor Vehicle User's Charge (MVUC), Office of the Government Corporate Counsel (OGCC), PhilHealth, Philippine Deposit Insurance Corporation (PDIC), Ralph Recto, Rationalization of the Mining Fiscal Regime, VAT on foreign digital service providers

AUG

2024

Recto: DOF’s 2025 budget proposal prioritizes digitalization for efficient tax administration and public service, adheres to the highest standards of fiscal discipline

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

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TAG Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), Bureau of Local Government Finance (BLGF), Bureau of Treasury (BTr), Central Board of Assessment Appeals (CBAA), Commission on Audit (COA), Department of Finance (DOF), General Appropriations Act (GAA), Insurance Commission (IC), Medium Term Fiscal Program, National Tax Research Center (NTRC), People's Survival Fund (PSF), Privatization and Management Office (PMO), Ralph Recto, senate of the philippines

AUG

2024

Recto: PH on track to meet its fiscal program for 2024 on the back of robust mid-year revenue effort and manageable deficit level

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

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TAG Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), Department of Finance (DOF), Government Owned and Controlled Corporations (GOCC), Gross Domestic Product (GDP), Ralph Recto, senate of the philippines

JUL

2024

Keynote Speech of Finance Secretary Ralph G. Recto during the EJAP-SMC Economic Forum 2024

EJAP President Neil Jerome Morales; fellow workers in government; and friends from the media: good morning. It’s very nice to see all of you again. In the past six months that I have been Secretary of Finance, we have already made countless policy decisions. And I have seen

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TAG Bagong Pilipinas, Bangko Sentral ng Pilipinas (BSP), Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), Department of Finance (DOF), Economic Journalists Association of the Philippines (EJAP), Government Owned and Controlled Corporations (GOCC), Gross Domestic Product (GDP), Public-Private Partnership Code (PPP Code), Ralph Recto, Rice Competitiveness Enhancement Fund (RCEF), Secretary Frederick Go

JUL

2024

Recto: Gov’t to do everything within its power to ensure that the next generation of Filipinos does not inherit today’s challenges

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

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TAG Bagong Pilipinas, Bangko Sentral ng Pilipinas (BSP), BSP Governor Eli Remolona, Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), DBM Undersecretary Joselito Basilio, Deparment of Budget and Management (DBM), Department of Finance (DOF), Economic Journalists Association of the Philippines (EJAP), Gross Domestic Product (GDP), National Economic Development Authority (NEDA), NEDA Secretary Arsenio Balisacan, Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA), Ralph Recto, Rice Competitiveness Enhancement Fund (RCEF), San Miguel Corporation (SMC), Secretary Frederick Go

JUL

2024

Recto: Inflation drops in June, expected to fall within the target band for the year with whole-of-govt interventions to protect Filipinos’ purchasing power

PRESS RELEASE Finance Secretary Ralph G. Recto has expressed optimism that the inflation rate will remain within the government’s target band in 2024 after its decline in June, with the persistent implementation of whole-of-government interventions to ensure that the purchasing

JUN

2024

Recto convenes inaugural committee meeting to operationalize the digitalized border protection system

PRESS RELEASE Finance Secretary Ralph G. Recto convened the inaugural committee meeting to operationalize the Pre-border Technical Verification and Cross-border Electronic Invoicing Systems under Administrative Order (AO) No. 23, series of 2024 on June 11, 2024 at the Department

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TAG Administrative Order (AO) No. 23, BOC Commissioner Bienvenido Rubio, Bureau of Customs (BOC), Department of Agriculture (DA), Department of Energy (DOE), Department of Environment and Natural Resources (DENR), Department of Finance (DOF), Department of Health (DOH), Department of Information and Communications Technology (DICT), Department of Trade and Industry (DTI), Philippine Drug Enforcement Agency (PDEA), Pre-border Technical Verification and Cross-border Electronic Invoicing Systems, President Ferdinand Marcos Jr, Ralph Recto

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