RalphRecto.Ph

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

JUL

15

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

MAY

06

2024

Recto collects higher PHP 88.6-B GOCC dividends as of May 2024, a major source of non-tax revenues to fund PBBM’s priority programs without imposing new taxes

PRESS RELEASE Finance Secretary Ralph G. Recto has successfully collected PHP 88.6 billion from 47 Government-Owned- or Controlled Corporations (GOCCs) as of May 6, 2024––eleven times higher than 2023 and a major source of non-tax revenues for the national government to fund

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

Mobilizing Unused GOCC Funds for Public Programs

Recto collects higher PHP 88.6-B GOCC dividends as of May 2024, a major source of non-tax revenues to fund PBBM’s priority programs without imposing new taxes