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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

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

By Finance Secretary Ralph G. Recto Senate President Juan Miguel Zubiri; Vice Chairman Ramon Guico, Jr., Honorable Members of the Commission from the bigger and brighter House, and from the smaller and smarter house. Magandang umaga po sa inyong lahat. In taking this hot seat, I

Press Release Finance Secretary Ralph G. Recto received a smooth-sailing confirmation from the Commission on Appointments (CA) on March 13, 2024 and has committed to pursuing growth-enhancing fiscal consolidation through plugging tax leaks, improving tax administration,

Finance Secretary Ralph G. Recto today urged the Congress to partner with the Department of Finance (DOF) in swiftly passing crucial reforms needed to reduce the Philippines’ deficit and debt levels during the 2024 Philippine Economic Outlook Briefing and Luncheon at the Admiral

𝐏𝐫𝐞𝐬𝐬 𝐑𝐞𝐥𝐞𝐚𝐬𝐞𝟕 𝐌𝐚𝐲 𝟐𝟎𝟐𝟑 Deputy Speaker Ralph Recto has appealed to his former colleagues in the “smaller House” to pass the bill extending the estate tax amnesty period for two years. A senator for 18 years, Recto believes his “former classmates can pass what is a simple bill”