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Manila Bulletin devider Philippines devider National devider 'Visionary economist': Romualdez hails Recto's appointment as DOF secretary

'Visionary economist': Romualdez hails Recto's appointment as DOF secretary

Published Jan 11, 2024 11:29 pm

At A Glance

  • House Speaker Martin Romualdez has congratulated Deputy Speaker Ralph Recto for his reported appointment as the new Department of Finance (DOF) secretary.
  • Recto is also a former longtime senator, with stints in 2001 to 2007 and 2010 to 2022. 

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House Speaker Martin Romualdez has congratulated Deputy Speaker Ralph Recto for his reported appointment as the new Department of Finance (DOF) secretary.

"Warmest congratulations to former Senator and current Deputy Speaker Ralph Recto on his well-deserved appointment as the new secretary of the Department of Finance. His extensive knowledge and profound grasp of economics uniquely qualify him for this crucial role, making him the most fitting candidate," Romualdez said in a statement Friday morning, Jan. 12.

Recto, currently Batangas 6th district representative, will take his oath as finance chief in Malacañang later in the day. He would have to vacate his House seat afterward.

Romualdez touched on Recto's distinguished career and the reasons why he think the DOF is in good hands. "Secretary Recto's appointment reflects the caliber of leadership required."

"Secretary Recto has consistently exhibited outstanding leadership, particularly in matters related to the nation's fiscal policies. As the former chairperson of the Senate Committee on Ways and Means, he played a pivotal role in shaping legislation that significantly impacted our country's economic landscape," said Romualdez, who is Leyte 1st district congressman.

"A visionary economist, Secretary Recto has played a key role in crafting policies aligned with the needs of the people. His dedication to sound economic principles, coupled with genuine concern for the welfare of every Filipino, has earned him respect from colleagues and constituents alike," added the Speaker.

Recto is also a former longtime senator, with stints in 2001 to 2007 and 2010 to 2022. He was the Senate President Pro Tempore from 2017 to 2022.

ALSO READ:

https://mb.com.ph/2024/1/11/salceda-excited-to-work-with-house-colleague-turned-dof-chief-recto

"Secretary Recto's contributions extend beyond legislative accomplishments. His exemplary tenure as socioeconomic planning secretary and director-general of the National Economic Development Authority (NEDA) reflects his competence and commitment to formulating strategies for sustainable growth and progress," noted the Speaker.

Romualdez also praised the Batangueño for his incisive leadership and commitment to public service. "His election as one of our deputy speakers in the 19th Congress by colleagues in the House of Representatives is a testament to his recognized capabilities," he said.

"I am optimistic that his vision and experience will significantly contribute to realizing our shared goals for a more economically vibrant and inclusive Philippines under the Marcos administration.

"Once again, congratulations, Secretary Ralph Recto. May your tenure be marked by groundbreaking initiatives that uplift the lives of our people and propel our nation toward greater heights," Romualdez concluded.

Related Tags

ralph recto Martin Romualdez Department of Finance
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