National and Bangsamoro Governments approve review of BARMM’s share in the national tax collections to promote fiscal autonomy and development

The Intergovernmental Fiscal Policy Board (IFPB) has resolved to commence the review of the Annual Block Grant (Block Grant) formula for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) to…

Comments Off on National and Bangsamoro Governments approve review of BARMM’s share in the national tax collections to promote fiscal autonomy and development

DOF lauded by PBMM for key role in PH’s FATF grey list exit

The Department of Finance (DOF) was among the government agencies lauded and recognized by President Ferdinand R. Marcos, Jr. for playing a key role in the Philippines’ successful exit from…

Comments Off on DOF lauded by PBMM for key role in PH’s FATF grey list exit

Recto: PH labor market in March shows continued strength and resilience

Finance Secretary Ralph G. Recto emphasized the continued strength and resilience of the Philippine labor market, with key indicators reflecting sustained stability. In March 2025, the country’s employment rate held…

Comments Off on Recto: PH labor market in March shows continued strength and resilience

Recto: PH inflation falls to pre-pandemic low of 1.4%, gov’t to ensure continued inflation slowdown is felt by Filipino households

Finance Secretary Ralph G. Recto underscored that the drop in the country’s inflation rate to 1.4% in April 2025—the lowest since November 2019—reinforces the government’s determination to ensure that this…

Comments Off on Recto: PH inflation falls to pre-pandemic low of 1.4%, gov’t to ensure continued inflation slowdown is felt by Filipino households

PH backs World Bank’s job creation agenda for developing economies, highlights govt’s role in setting the stage for the market to flourish

The Philippines, through the Department of Finance (DOF), has backed the World Bank’s (WB) new job creation agenda towards generating employment and advancing the quality of jobs in emerging markets…

Comments Off on PH backs World Bank’s job creation agenda for developing economies, highlights govt’s role in setting the stage for the market to flourish

Secretary’s Hour

Ralph G. Recto Secretary of Finance April 30, 2025 Marble Hall, Bureau of the Treasury Former Finance Secretaries Benjamin E. Diokno, Margarito Teves, Jose Isidro Camacho, and Jose T. Pardo;…

Comments Off on
Secretary’s Hour

DOF Anniversary Celebration

Ralph G. Recto Secretary of Finance April 24, 2025 To the men and women of the Department of Finance, the best and brightest, my fellow public servants, magandang gabi po…

Comments Off on
DOF Anniversary Celebration