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...
The national government has standby funds worth P15.5 billion to mitigate the impact of El Niño, the Department of Budget and Management (DBM) said on Friday, April 26. Budget Secretary Amenah F. Pangandaman said the amount forms part of the total allocation of P20.5 billion for the National...
Interior Secretary Benhur Abalos emerged as the top performer among all the Cabinet secretaries of President Marcos based on the recent RP-Mission and Development Foundation Inc. (RPMD) "Boses ng Bayan" survey. RPMD The survey results released on Friday, April 26, covered 10,000 respondents...
Filipino borrowers hoping for a reduction in interest rates will have to hold their horses as the anticipated rate cuts may not come in the near future. Finance Secretary Ralph G. Recto said on Friday, April 26, that elevated inflation is likely to persist, and interest rates may remain high for a...
