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LOOK: Finance Secretary Ralph G. Recto reminded the National Tax Research Center (NTRC) of its mission to build a tax system that is simple, transparent, and compassionate to ensure that the government can fund its promises without passing the bill to the next generation, during the NTRC’s 65th Anniversary on May 28, 2025. Watch this reel to see highlights of the event. #DOFUpdates #RectoUpdates #RalphRecto #DepartmentofFinance #NTRC | Department of Finance
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LOOK: Finance Secretary Ralph G. Recto reminded the National Tax Research Center (NTRC) of its mission to build a tax system that is simple, transparent, and compassionate to ensure that the government can fund its promises without passing the bill to the next generation, during the NTRC’s 65th Anniversary on May 28, 2025. Watch this reel to see highlights of the event. #DOFUpdates #RectoUpdates #RalphRecto #DepartmentofFinance #NTRC | Department of Finance
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WATCH: Finance Secretary Ralph G. Recto, on behalf of the Bureau of the Treasury (BTr), formally received a total of PHP 5.17 billion in remittance from the Bases Conversion and Development Authority (BCDA). This includes a record-breaking PHP 2.04 billion in cash dividends—the highest in BCDA’s history—representing 80% of its net earnings for 2024. On top of this, the BCDA remitted PHP 3.13 billion as a share of its asset disposition proceeds collected last year. Hear from BCDA President and CE
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WATCH: Finance Secretary Ralph G. Recto, on behalf of the Bureau of the Treasury (BTr), formally received a total of PHP 5.17 billion in remittance from the Bases Conversion and Development Authority (BCDA). This includes a record-breaking PHP 2.04 billion in cash dividends—the highest in BCDA’s history—representing 80% of its net earnings for 2024. On top of this, the BCDA remitted PHP 3.13 billion as a share of its asset disposition proceeds collected last year. Hear from BCDA President and CE
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FacebookDepartment of Finance
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LOOK: Finance Secretary Ralph G. Recto vowed that the Power Sector Assets and Liabilities Management (PSALM) Corporation’s all-time high dividend remittance of PHP 8.96 billion to the National Treasury will be reinvested into programs that directly uplift the lives of the Filipino people. Watch this reel to see highlights of the event. #DOFUpdates #RectoUpdates #RalphRecto #DepartmentofFinance | Department of Finance
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ICYMI: Finance Secretary Ralph G. Recto served as the keynote speaker during the Chinabank Economic Briefing on April 7, 2025, assuring the private sector of the government’s commitment to help them grow and prosper because their success is the entire Filipino nation’s success. #DOFUpdates #RectoUpdates #RalphRecto #DepartmentofFinance #Chinabank | Department of Finance
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WATCH: Finance Secretary Ralph G. Recto met with newly-appointed Securities and Exchange Commission (SEC) Chairperson Francis Edralin Lim to discuss the agency’s plans and priorities under his leadership. The SEC, an attached agency of the Department of Finance, is tasked with regulating the corporate sector and overseeing the capital markets to ensure fairness, transparency, and investor protection. Hear from the new Chairperson as he shares his vision for the SEC and outlines his key prioritie
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DM Latest | CONG. KIKO BARZAGA'S STATEMENT ON FINANCE SECRETARY RALPH RECTOR'S PLAN TO INCREASE VAT *** Finance Secretary Ralph Recto's taxation plan is a fundamentally flawed system that will eventually destroy the economy. Firstly, the excessive burden on the middle class and lower income classes by value added taxation prevents the majority of our population from being able to save excess funds to grow their income and elevate their financial status, and instead continues to enslave them to t
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