Finance Secretary Ralph G. Recto has invited the private sector to invest in sustainable surface water sources to help address the Philippines’ decades-long water problem.
Read MoreThe Department of Finance (DOF) has presented its refined proposal on Package 4 of the Comprehensive Tax Reform Program (CTRP)—a measure recalibrated by Finance Secretary Ralph Recto during his first week in office—to the Senate Committee on Ways and Means on February 12, 2024.
Read MoreFinance Secretary Ralph G. Recto has underscored the critical role of the Bureau of Customs (BOC) in funding President Ferdinand R. Marcos, Jr.’s socioeconomic agenda and driving the overall progress of the country.
Read MoreFinance Secretary Ralph G. Recto has urged Filipinos to invest in the Bureau of the Treasury (BTr)’s 30th tranche of Retail Treasury Bonds (RTB 30), which promotes cheap investment opportunities for small savers to secure their future.
Read MoreAs tax season begins, Finance Secretary Ralph G. Recto has assured the taxpaying public of the judicious and efficient use of their hard-earned money, vowing to eradicate inefficiency or corruption within the Bureau of Internal Revenue (BIR).
Read MoreFinance Secretary Ralph G. Recto has expressed optimism on the December 2023 Labor Force Survey results which showed that the Philippines recorded a historic-low unemployment rate, declining underemployment, and faster growth in the labor force––all reflecting the continued improvement of the country’s jobs market and quality of employment for Filipinos.
Read MoreThe Asian Development Bank (ADB) will provide support for Finance Secretary Ralph G. Recto’s core enhanced tax collection strategy of using digital technologies for a more efficient and aggressive tax administration.
Read MoreFinance Secretary Ralph G. Recto was encouraged by the further drop in the Philippines’ headline inflation to 2.8% in January 2024 and pushed for a more deliberate implementation of the Reduce Emerging Inflation Now (REIN) plan to keep the prices of goods and services stable.
Read MoreFinance Secretary Ralph G. Recto has called for rapid government digital transformation and urged public leaders to team up in developing a unified policy direction towards this goal.
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