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Recto welcomes digitalization focus of the Philippine Public Financial Management Reforms Roadmap 2024-2028 for a more efficient and effective gov’t service delivery

Finance Secretary Ralph G. Recto has welcomed the digitalization initiatives under the Philippine Public Financial Management (PFM) Reforms Roadmap 2024-2028 for a more efficient and effective government service delivery for…

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June 13, 2024
Read more about the article Recto welcomes digitalization focus of the Philippine Public Financial Management Reforms Roadmap 2024-2028 for a more efficient and effective gov’t service delivery
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Recto upbeat on PH econ outlook supported by a more open and liberalized investment policy landscape to lift 14M Filipinos out of poverty

Finance Secretary Ralph G. Recto is upbeat on the Philippines’ bright economic outlook supported by a more open and liberalized investment policy landscape, which is part of the government’s growth-enhancing…

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May 28, 2024
Read more about the article Recto upbeat on PH econ outlook supported by a more open and liberalized investment policy landscape to lift 14M Filipinos out of poverty
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Recto welcomes UNSGSA Queen Máxima’s support for DOF to widen financial inclusion and ensure financial protection among Filipinos by digitizing gov’t payments and keeping financial services affordable

Finance Secretary Ralph G. Recto has welcomed the support of Her Majesty Queen Máxima of the Netherlands, the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA) for…

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May 27, 2024
Read more about the article Recto welcomes UNSGSA Queen Máxima’s support for DOF to widen financial inclusion and ensure financial protection among Filipinos by digitizing gov’t payments and keeping financial services affordable
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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

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…

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May 6, 2024
Read more about the article 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
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Recto pays tribute to predecessors, highlights their crucial roles in keeping the economy strong and stable throughout periods of crisis

Finance Secretary Ralph G. Recto has paid tribute to his predecessors during a dinner reception for past Department of Finance (DOF) secretaries and officials, highlighting their crucial roles in keeping…

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April 30, 2024
Read more about the article Recto pays tribute to predecessors, highlights their crucial roles in keeping the economy strong and stable throughout periods of crisis
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Recto: Potential MIC inaugural investment portfolio with BCDA to unlock wealth of opportunities to enhance quality of life and generate jobs for Filipinos

Finance Secretary Ralph G. Recto has lauded the signing of the Memorandum of Understanding (MOU) between the Maharlika Investment Corporation (MIC) and the Bases Conversion and Development Authority (BCDA) to…

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April 29, 2024
Read more about the article Recto: Potential MIC inaugural investment portfolio with BCDA to unlock wealth of opportunities to enhance quality of life and generate jobs for Filipinos
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Recto positions PH at the forefront of crisis and disaster response as first country to sign a Rapid Response Option agreement with World Bank

Finance Secretary Ralph G. Recto has positioned the Philippines at the forefront of crisis and disaster response by being the first country to sign the Rapid Response Option (RRO) agreement with the World Bank Group (WBG).

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April 22, 2024
Read more about the article Recto positions PH at the forefront of crisis and disaster response as first country to sign a Rapid Response Option agreement with World Bank
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Recto secures commitments from ADB on digitalization, human capital and infra development, and disaster preparedness programs

Finance Secretary Ralph G. Recto has secured commitments from Asian Development Bank (ADB) President Masatsugu Asakawa to support key priority development programs for the Philippines, focusing on boosting digitalization, improving human capital and infrastructure, and enhancing disaster preparedness.

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April 21, 2024
Read more about the article Recto secures commitments from ADB on digitalization, human capital and infra development, and disaster preparedness programs
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Recto receives World Bank President’s full support on digitalizing PH tax system, expects a team from the Bank to work with DOF in building digital infra needed

Finance Secretary Ralph G. Recto has received full support from World Bank Group (WBG) President Ajay Banga on his key priority to fully digitalize the country’s tax system, with the Bank set to assemble a dedicated team to conduct workshop and assist the Department of Finance (DOF) in enhancing its digital infrastructure to improve tax payment and collection efficiency.

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April 20, 2024
Read more about the article Recto receives World Bank President’s full support on digitalizing PH tax system, expects a team from the Bank to work with DOF in building digital infra needed