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Recto gets CA nod as Finance chief
The Commission on Appointments (CA) unanimously approved the ad interim appointment of Ralph Recto as the Secretary of the Department of Finance (DOF).
Senator Ramon Revilla Jr., as chairperson of the CA Committee on Finance, endorsed Recto's appointment, expressing confidence in his leadership.
Recto stated that the Marcos administration plans to increase investments by lowering the cost of doing business, improving regulations, and removing obstacles.
He emphasized that promoting ease of payment and demonstrating the effective use of collected taxes are key to fostering tax compliance.
Recto reiterated that he does not see the need to introduce new taxes, focusing instead on improving tax administration efficiency, particularly in Customs.
Recto was appointed by President Ferdinand E. Marcos, Jr. in January, replacing Benjamin E. Diokno.
While sharing the same view on reducing the fiscal deficit with his predecessor, Recto stressed it should not be at the expense of growth.
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Surigao del Sur 2nd district Representative Johnny Pimentel anticipates a straightforward confirmation process for Department of Finance (DOF) Secretary Ralph Recto at the Commission on Appointments (CA).
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President Ferdinand "Bongbong" Marcos Jr. has appointed new senior officials at the Department of Finance (DOF) to support Finance Secretary Ralph Recto in ensuring long-term fiscal sustainability and accelerating inclusive economic growth.
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