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Recto thanks House appro panel for endorsing DOF’s P33.75-B budget for 2025 that prioritizes digitalization for efficient tax admin and public service

Finance Secretary Ralph G. Recto has thanked the House of Representatives’ Committee on Appropriations panel for endorsing the Department of Finance’s (DOF) PHP 33.75-billion budget for fiscal year 2025 which…

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September 17, 2024
Read more about the article Recto thanks House appro panel for endorsing DOF’s P33.75-B budget for 2025 that prioritizes digitalization for efficient tax admin and public service
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Recto: ADB’s new country partnership strategy reflects strong friendship and deep understanding of the PH’s development needs

Finance Secretary and Asian Development Bank (ADB) Governor for the Philippines Ralph G. Recto welcomed the launching of the ADB’s new country partnership strategy for the Philippines, which reflects its…

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September 13, 2024
Read more about the article Recto: ADB’s new country partnership strategy reflects strong friendship and deep understanding of the PH’s development needs
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Recto welcomes Senate concurrence to ratify the PH’s participation in an international tax cooperation convention that will stop tax evasion and avoidance

Finance Secretary Ralph G. Recto has welcomed the passage of Senate Resolution No. 139, concurring with the ratification of the Philippines’ participation in the Convention on Mutual Administrative Assistance in…

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September 12, 2024
Read more about the article Recto welcomes Senate concurrence to ratify the PH’s participation in an international tax cooperation convention that will stop tax evasion and avoidance
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Recto lauds PH Tax Academy for expanding training programs, urges further scale-up to boost revenue collections for national development

Finance Secretary Ralph G. Recto has commended the Philippine Tax Academy (PTA) for expanding its training programs last year and urged the agency to further scale these efforts to strengthen…

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September 10, 2024
Read more about the article Recto lauds PH Tax Academy for expanding training programs, urges further scale-up to boost revenue collections for national development
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Recto supports the Bangsamoro govt’s plan to acquire DBP shares in the Al-Amanah Islamic Bank to promote financial inclusion and accelerate development of BARMM

Finance Secretary Ralph G. Recto has fully supported the Bangsamoro Government’s proposed acquisition of the Development Bank of the Philippines’ (DBP) shares in the Al-Amanah Islamic Investment Bank of the…

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September 9, 2024
Read more about the article Recto supports the Bangsamoro govt’s plan to acquire DBP shares in the Al-Amanah Islamic Bank to promote financial inclusion and accelerate development of BARMM
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Recto: PH labor force remains strong, lower inflation rate to boost wholesale and retail trade sector jobs thru increased discretionary spending

Finance Secretary Ralph G. Recto has emphasized that the Philippines’ labor force remains strong with all key indicators above pre-pandemic levels and that the decelerating inflation rate is expected to…

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September 6, 2024
Read more about the article Recto: PH labor force remains strong, lower inflation rate to boost wholesale and retail trade sector jobs thru increased discretionary spending
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Recto: Slower inflation in August shows effectiveness of targeted interventions to stabilize food prices, gov’t to maintain the momentum by remaining vigilant

Finance Secretary Ralph G. Recto has emphasized that the slower inflation rate in August 2024 demonstrates the effectiveness of the government's targeted interventions to stabilize food prices, and assured the…

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September 5, 2024
Read more about the article Recto: Slower inflation in August shows effectiveness of targeted interventions to stabilize food prices, gov’t to maintain the momentum by remaining vigilant