Recto: Redirecting GOCCs’ excess funds straight to Filipinos is crucial to accelerate economic recovery; reversing it would entail fiscal pressure
PRESS RELEASE Finance Secretary Ralph G. Recto defended the national government’s move to implement Congress’ mandate to redirect the government-owned and controlled corporations’ (GOCC) excess and idle funds to critical health and social programs as a crucial policy to
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TAG Bayanihan 3, Department of Finance (DOF), DOF Circular No. 003-2024, General Appropriations Act (GAA) of 2024, government-owned and controlled corporations (GOCCs), Medium-Term Fiscal Framework (MTFF), National Treasury, Philippine Health Insurance Corporation (PhilHealth), Raph Recto, Supreme Court