Addressing climate change has never been more urgent than when Intergovernmental Panel on Climate Change's Sixth Assessment Report found that climate risks are emerging sooner and will worsen faster than anticipated, making adaptation more difficult with rising global temperatures. Low-income...
Despite a recent downward revision in the economic growth outlook, the Department of Finance (DOF) said that the Marcos administration is standing by its tax collection target for the year. Finance Secretary Ralph G. Recto said that the Bureau of Internal Revenue (BIR) and the Bureau of Customs are...
The Department of Budget and Management (DBM) has thrown its support behind the call from health experts to expand the immunization program against the human papillomavirus (HPV) in a bid to reduce cervical cancer cases in the Philippines. In a statement on Wednesday, May 1, Budget Secretary Amenah...
BEYOND BUDGET Assalamu alaikum wa Rahmatullahi wa Barakatuh. I was privileged and honored to attend the 2024 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) with the economic team, led by Finance Secretary Ralph Recto, in Washington, DC, USA from April 17 to...
Department of the Interior and Local Government (DILG) Secretary Benjamin “Benhur” Abalos Jr. reiterated on Tuesday, April 30, that there were no irregularities during the multi-billion peso drug bust conducted by authorities in Alitagtag, Batangas. In a presentation during the hearing of the...
To ensure that public school teachers can devote more time to classroom teaching, the Department of Education (DepEd) announced the issuance of a policy that rationalizes public school teachers’ workload and defines ancillary tasks and assignments that can be given to them. NOEL PABALATE / FILE...
Even Senate President Juan Miguel "Migz" Zubiri was not spared from some of the troubles being experienced at the Ninoy Aquino International Airport (NAIA). A photo of the busted escalator at the Ninoy Aquino International Airport (NAIA) Terminal 3 taken by Senate President Juan Miguel "Migz"...
The Marcos administration plans to borrow more funds this year than initially planned, the Department of Finance (DOF) announced. In a statement, Finance Secretary Ralph G. Recto said on Monday, April 29, that the national government plans to borrow P2.57 trillion in 2024. The funds will be...
The Department of Finance (DOF) assured that the country’s economic fundamentals are robust enough to weather any unforeseen developments in the United States. With a strong foundation in place, Finance Secretary Ralph G. Recto said the Philippines is well-equipped to navigate any potential...
Finance Secretary Ralph Recto and his family attended the Department of Finance (DOF) anniversary celebration, which garnered positive feedback from many of the attendees. However, some employees were still disheartened. At the 127th DOF anniversary party last Friday, Recto was accompanied by his...
The Department of Finance (DOF) is set to introduce a four-day workweek to alleviate the burden on its employees who are struggling with the intense traffic congestion in Metro Manila. During the DOF anniversary celebration, Finance Secretary Ralph G. Recto announced that the new department...
Had Ralph Recto heeded his wife's request, he might not be the Secretary of Finance (SOF) today. This revelation was shared by veteran actress Vilma Santos-Recto, who openly admitted her strong opposition to President Marcos’ offer for her husband to take the role. Santos-Recto opposed the...
