RalphRecto.Ph

JUL

2024

Mobilizing Unused GOCC Funds for Public Programs

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

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TAG Bayanihan, Community-based Monitoring System for the Philippine Statistics Authority, Comprehensive Automotive Resurgence Strategy (CARS), COVID-19, Department of Budget and Management (DBM), Department of Finance (DOF), Department of Trade and Industry (DTI), General Appropriations Act (GAA), Government Owned and Controlled Corporations (GOCC), Metro Manila Subway Project, Mindanao Inclusive Agriculture Development Project, North-South Commuter Railway System, Office of the Government Corporate Counsel (OGCC), PhilHealth, Philippine Deposit Insurance Corporation (PDIC), Philippine Fisheries and Coastal Resiliency Project, Philippine Multi-Sectoral Nutrition Project, Philippine Rural Development Project, PNR South Long Haul Project, Ralph Recto, Support to Parcelization of Lands for Individual Titling (SPLIT), Supporting Innovation in the Philippine Technical and Vocational Education and Training System

APR

2024

4th Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO) meeting

IN PHOTOS: Finance Secretary Ralph G. Recto co-chaired the 4th Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO) meeting with National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan on April 24, 2024 to discuss updates on the government’s

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TAG Bangko Sentral ng Pilipinas (BSP), Department of Agriculture (DA), Department of Budget and Management (DBM), Department of Energy (DOE), Department of Finance (DOF), Department of Justice (DOJ), Department of Trade and Industry (DTI), Economic Development Group (EDG), El Niño, Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO), La Niña, National Economic Development Authority (NEDA), Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA), Philippine Statistics Authority (PSA), President Ferdinand Marcos Jr, Ralph Recto, Secretary Arsenio Balisacan, Sugar Regulatory Administration (SRA)

APR

2024

Recto positions PH at the forefront of crisis and disaster response as first country to sign a Rapid Response Option agreement with World Bank

PRESS RELEASE Finance Secretary Ralph G. Recto has positioned the Philippines at the forefront of crisis and disaster response by being the first country to sign the Rapid Response Option (RRO) agreement with the World Bank Group (WBG). The RRO is part of the WBG’s Expanded

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TAG Bangko Sentral ng Pilipinas (BSP), BSP Deputy Governor Francisco Dakila Jr, Bureau of Treasury, Department of Budget and Management (DBM), Department of Finance (DOF), Department of Trade and Industry (DTI), DTI Undersecretary Ceferino Rodolfo, Monetary Board Member Rosalia De Leon, National Treasurer Sharon Almanza, Ralph Recto, Rapid Response Option (RRO) Agreement, Secretary a, Secretary Amenah Pangandaman, WB-IMF Spring Meetings, World Bank (WB), World Bank Group (WBG)

APR

2024

Recto secures commitments from ADB on digitalization, human capital and infra development, and disaster preparedness programs

PRESS RELEASE Finance Secretary Ralph G. Recto has secured commitments from Asian Development Bank (ADB) President Masatsugu Asakawa to support key priority development programs for the Philippines, focusing on boosting digitalization, improving human capital and infrastructure,

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TAG Asian Development Bank (ADB), Department of Budget and Management (DBM), Department of Finance (DOF), International Monetary Fund (IMF), National Economic Development Authority (NEDA), Public-Private Partnership Code (PPP Code), Ralph Recto, United Nations Framework Conference on Climate Change (UNFCCC), World Bank (WB)

APR

2024

Recto successfully pitches PH as an attractive investment hub, gathers strong interest from American investors during PH Dialogue

PRESS RELEASE Finance Secretary Ralph G. Recto has successfully pitched the Philippines as an attractive investment hub, gathering strong interest from American investors during the Philippine Dialogue held on April 17, 2024 at The Ritz-Carlton in Washington, D.C. “While global

APR

2024

Recto: PBBM’s historic working visit to Washington for the Trilateral Leaders’ Summit ensures economic security for Filipinos

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that President Ferdinand R. Marcos, Jr.’s working visit to Washington, D.C. from April 10 to 14, 2024 for the inaugural Trilateral United States-Japan-Philippines Leaders’ Summit will ensure economic security for the

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TAG Ambassador Jose Manuel Romualdez, Bangko Sentral ng Pilipinas (BSP), Department of Budget and Management (DBM), Department of Finance (DOF), Japan, Japan Chamber of Commerce and Industry (JCCI), Japan Prime Minister Fumio Kishida, Luzon Economic Corridor, Maharlika Investment Fund (MIF), National Economic Development Authority (NEDA), PH-US Business Forum, President Ferdinand Marcos Jr, Ralph Recto, Ultra Safe Nuclear Corporation (USNC), United States of America, US President Joseph Biden

MAR

2024

Recto: PPP Code IRR to open floodgates for non-stop influx of strategic, high-quality investments benefiting all Filipinos

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed the recent signing of the Public-Private Partnership (PPP) Code implementing rules and regulations (IRR) and underscored that it will open the floodgates for a non-stop influx of strategic and high-quality investments

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TAG Build Better More, Build-Operate-Transfer (BOT) Law, Commission on Higher Education (CHED), Department of Budget and Management (DBM), Department of Finance (DOF), Department of Interior and Local Government (DILG), Department of Justice (DOJ), Department of Trade and Industry (DTI), National Economic Development Authority (NEDA), PPP Code, Public-Private Partnership (PPP), Ralph Recto

MAR

2024

Recto: Feb inflation rate of 3.4% within gov’t target band, PH prepared to face threat of El Niño

Press Release Finance Secretary Ralph G. Recto has underscored that the latest inflation rate of 3.4% for February falls within the government’s target band of 2% to 4%, further noting that the government is proactively preparing to mitigate the effects of El Niño on inflation,

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TAG Bangko Sentral ng Pilipinas (BSP), Department of Budget and Management (DBM), Department of Finance (DOF), El Nino Mitigation and Adaptation Plan, Ralph Recto, Reduce Emerging Inflation Now (REIN)

SEP

2022

Per DOH advice: Restore cancer funding as P1 B item in ’23 budget

Press Statement of Deputy Speaker and Batangas Rep. Ralph G. Recto 8 September 2022 Per DOH advice: Restore cancer funding as P1 B item in ’23 budget Restoring the cancer fund in the national budget is one doctor’s order we cannot ignore. And if it is the DOH Secretary

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TAG 19th Congress, 2023 National Budget, Cancer Assistance Fund, Department of Budget and Management (DBM), Department of Health (DOH), Press Release, Social Health Protection Program

SEP

2022

‘Budget Errata’ can cure Unprogrammed Fund gray areas

Press Statement of Deputy Speaker and Batangas Rep. Ralph G. Recto 2 September 2022 ’Budget Errata’ can cure Unprogrammed Fund gray areas We look forward to DBM’s submission of the details of the Unprogrammed Appropriations (UA). As I have said many times, the

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TAG 2023 National Budget, Department of Budget and Management (DBM), Health Facilities Enhancement Program (HFEP), Press Statement

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