RalphRecto.Ph

DEC

30

2024

Recto: PHP 6.326 trillion national budget for 2025 most powerful tool to deliver the biggest economic benefits to Filipinos, reaffirms DOF’s commitment to work hard in funding it

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the PHP 6.326 trillion national budget for 2025 is the government’s most powerful tool to deliver the biggest economic benefits to Filipinos, assuring the Department of Finance’s (DOF) strong commitment to work

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TAG Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), Bureau of Treasury (BTr), Department of Finance (DOF), General Appropriations Act (GAA) for 2025, government-owned and controlled corporations (GOCCs), Gross Domestic Product (GDP), Medium Term Fiscal Program, National Climate Change Action Plan 2011-2028, Philippine Development Plan, President Ferdinand Marcos Jr, Ralph Recto

DEC

16

2024

PBBM admin achieves multiple economic milestones in 2024, drives PH again as one of the fastest-growing economies in Asia

PRESS RELEASE The Marcos Jr. administration has made 2024 a banner year for economic achievements and has once again successfully positioned the Philippines as among the fastest-growing economies in Asia despite global challenges such as geopolitical tensions. “2024 is a year of

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TAG Amendments to the Agricultural Tariffication Act, ASEAN, Bangko Sentral ng Pilipinas (BSP), Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), China, CREATE MORE (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy), Department of Finance (DOF), Development Budget Coordination Committee (DBCC), E.O. No. 62, Ease of Paying Taxes (EOPT) Act, Excise Tax on Single-Use Plastic Bags, government-owned and controlled corporations (GOCCs), Gross Domestic Product (GDP), gross national income (GNI), Indonesia, Institute of International Finance (IIF), Macro Poverty Outlook for the Philippines, Malaysia, Medium Term Fiscal Program, Motor Road User's Tax, Package 4 of the Comprehensive Tax Reform Program, President Ferdinand Marcos Jr, Public-Private Partnership (PPP) Code, R&I, Ralph Recto, Rationalization of the Fiscal Mining Regime, Real Property Valuation and Assessment Reform Act. (RPVARA), S&P, Singapore, Value-added Tax (VAT) on Non-Resident, VAT Refund Mechanism for Non-Resident Tourists Act, World Bank (WB)

SEP

05

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

28

2024

Recto leads high-level meeting of Finance Ministers for climate action, urges peers to drive integrated solutions that bring climate resilience and poverty eradication together

PRESS RELEASE Finance Secretary Ralph G. Recto has urged his fellow Finance Ministers to drive integrated solutions that bring climate action and poverty eradication all together, stressing the need to balance economic development and climate resilience during a high-level

AUG

27

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

14

2024

Recto: R&I’s upgrade of PH credit rating to A- reflects robust investor confidence in the country’s high economic growth, strong fiscal position, and promising outlook

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,

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TAG credit rating, Department of Finance (DOF), Japan Credit Rating Agency, Medium Term Fiscal Program, President Ferdinand Marcos Jr, Ralph Recto, Rating and Investment Information Inc. (R&I)

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Recto: PHP 6.326 trillion national budget for 2025 most powerful tool to deliver the biggest economic benefits to Filipinos, reaffirms DOF’s commitment to work hard in funding it

PBBM admin achieves multiple economic milestones in 2024, drives PH again as one of the fastest-growing economies in Asia

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

Recto leads high-level meeting of Finance Ministers for climate action, urges peers to drive integrated solutions that bring climate resilience and poverty eradication together

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

Recto: R&I’s upgrade of PH credit rating to A- reflects robust investor confidence in the country’s high economic growth, strong fiscal position, and promising outlook