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Manila Bulletin devider Business devider Three new DOF officials 'highly competent'—Recto

Three new DOF officials 'highly competent'—Recto

Published Apr 24, 2024 04:55 am

The Department of Finance (DOF) has appointed a new chief economist and two undersecretaries to lead fiscal policy formulation and revenue operations.

Charlito Martin R. Mendoza will now be the undersecretary for the Revenue Operations Group (ROG), while Domini S. Velasquez has been appointed as the undersecretary heading the Office of the Chief Economist (OCE).

DOF.jpg
Finance Secretary Ralph G. Recto (center) stands alongside Finance Undersecretary Domini Velasquez (left) and Undersecretary Charlito Martin Mendoza (right).

Meanwhile, Renato E. Reside, Jr., an associate professor at the University of the Philippines School of Economics, will lead the Fiscal Policy and Monitoring Group (FPMG) as undersecretary.

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Recto administers the oath of office to Renato Reside Jr., who is appointed as the Finance Undersecretary.

“I thank the President for appointing such highly competent officials. They are all valuable additions to my team at the DOF,” Finance Secretary, Ralph G. Recto said in a statement on Wednesday, April 24.

“I am confident that they will lead their respective offices with great skill, dedication, and integrity,” he added.

As head of ROG, Mendoza, who is from Marinduque, will oversee the operations of the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC).

Prior to his appointment, Mendoza worked as a District Collector for the BOC Port of Cebu from July 2019 to October 2022.

On the other hand, Velasquez heads the OCE, which a specialized unit dedicated to analyzing data on emerging economic developments.

Velasquez has over 15 years of experience in macroeconomic research and policy analysis, particularly with the National Economic and Development Authority.

Lastly, Reside will spearhead formulating and advancing tax reform proposals and other crucial fiscal policy recommendations.

He will likewise lead in overseeing the forecasting and programming of national government revenues, managing cash programming, and vigilant monitoring of the government’s finances.

Reside has extensive mastery in the fields of macroeconomics, taxation and public finance, pension system development, banking and financial markets, investments, and infrastructure development.

He has served the DOF intermittently since the early 2000s as a consultant for various tax issues.

Related Tags

Finance Undersecretary Department of Finance (DOF) Charlito Martin R. Mendoza Domini S. Velasquez Renato E. Reside Jr.
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