RalphRecto.Ph

OCT

2024

Recto upbeat on 1.45M new jobs created for Filipinos in August, expects more employment opportunities for all as inflation drops and holiday season kicks in

PRESS RELEASE Finance Secretary Ralph G. Recto expressed optimism over the 1.45 million new jobs created for Filipinos in August 2024, anticipating even more employment opportunities as inflation drops to a four-year low and the holiday season approaches. “I am very glad of the

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TAG CREATE MORE (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy), Department of Finance (DOF), employment, Public-Private Partnership (PPP), Ralph Recto, underemployment, unemployment

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: ADB’s new country partnership strategy reflects strong friendship and deep understanding of the PH’s development needs

PRESS RELEASE Finance Secretary and Asian Development Bank (ADB) Governor for the Philippines Ralph G. Recto welcomed the launching of the ADB’s new country partnership strategy for the Philippines, which reflects its longstanding friendship and deep understanding of t

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TAG ADB Philippine Country Director Pavit Ramachandran, ADB President Masatsugu Asakawa, Asian Development Bank (ADB), Bataan-Cavite Interlink Bridge, Climate Change Action Plan (CCAP), Country Partnership Strategy (CPS), DBM Secretary Amenah Pangandaman, DENR Secretary Ma. Antonia Yulo Loyzaga, Department of Finance (DOF), DepEd Secretary Sonny Angara, DPWH Secretary Manuel Bonoan, Executive Secretary Lucas Bersamin, Malolos-Clark Railway Project, NEDA Secretary Arsenio Balisacan, Official Development Assistance (ODA), President Ferdinand Marcos Jr, Ralph Recto, South Commuter Railway Project

SEP

2024

Recto welcomes Senate concurrence to ratify the PH’s participation in an international tax cooperation convention that will stop tax evasion and avoidance

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed the passage of Senate Resolution No. 139, concurring with the ratification of the Philippines’ participation in the Convention on Mutual Administrative Assistance in Tax Matters (MAAC), which will help stop tax evasion

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TAG Bureau of Internal Revenue (BIR), Council of Europe, Department of Finance (DOF), Mutual Administrative Assistance in Tax Matters (MAAC, Organisation for Economic Co-operation and Development (OECD), Ralph Recto, Run After Tax Evaders (RATE), Senator Imee Marcos

SEP

2024

Recto meets PGH chief Dr. Gap Legaspi

IN PHOTOS: Finance Secretary Ralph G. Recto met with Philippine General Hospital (PGH) Director Gerardo “Gap” Legaspi to discuss ways on how the Department of Finance (DOF) can further support the services of the PGH and provide wider access to affordable health and medical care

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TAG Department of Finance (DOF), Philippine General Hospital (PGH), Ralph Recto, University of the Philippines (UP), UP-PGH Director Dr. Gerardo "Gap" Legaspi

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 secures financing for value chain innovation project to fight poverty in 86 agrarian reform communities

PRESS RELEASE Finance Secretary Ralph G. Recto has secured financing from the International Fund for Agricultural Development (IFAD) for a project that will help 86 agrarian reform communities in South Cotabato, Cotabato, Sultan Kudarat, Sarangani and General Santos

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TAG Agrarian Reform Communities (ARC), Cordillera Administrative Region (CAR), DAR Secretary Conrado Estrella III, Department of Agrarian Reform (DAR), Department of Agriculture (DA), Department of Finance (DOF), Department of Interior and Local Government (DILG), DOF Undersecretary Joven Balbosa, DOF Undersecretary Maria Luwalhati Dorotan-Tiuseco, IFAD Country Director Umit Mansiz, IFAD President Alvaro Lario, International Fund for Agricultural Development (IFAD), Local Government Units (LGUs), National Economic Development Authority (NEDA), Ralph Recto, SOCCSKSARGEN, Value Chain Innovation for Sustainable Transformation in Agrarian Reform Communities (VISTA)

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

SEP

2024

National and Bangsamoro Governments approve ODA loan guidelines that will support BARMM’s inclusive development

PRESS RELEASE The Intergovernmental Fiscal Policy Board (IFPB) has approved the guidelines on official development assistance (ODA) loans for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), paving the way for the region’s access to foreign-assisted projects and

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TAG Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP), Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), Bangsamoro Government, Bangsamoro Government Minister of Finance, Bangsamoro Organic Law (BOL), Bangsamoro Revenue Office (BRO), Budget and Management Ubaida C. Pacasem, Bureau of Internal Revenue (BIR), Deparment of Budget and Management (DBM), Department of Finance (DOF), Department of Trade and Industry (DTI), Development Bank of the Philippines (DBP), Intergovernmental Fiscal Policy Board (IFPB), National Economic Development Authority (NEDA), Official Development Assistance (ODA), Ralph Recto

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