Department of Finance

Also known as DoF

The Department of Finance (DOF) is led by Secretary Ralph Recto and plays a crucial role in streamlining investment facilitation efforts through initiatives like INFA-Net, which aims to simplify processes and enhance coordination among government agencies. The DOF also focuses on improving accessibility to government services with the GOCC Caravan and addresses economic concerns such as online gambling regulations and tax implementations, contributing significantly to President Marcos Jr.'s mandate of an agile, investor-focused government.

This is an AI-generated summary based on recent coverage.
Last updated at August 2, 2025.

Recent stories about DoF

DoF expects infrastructure spending to rebound in Q3 after May election slowdown

Infrastructure spending is expected to increase in the third quarter after a slowdown during the May elections, according to the Department of Finance (DoF).
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Recto: Gov mulls stricter e-gambling rules

Finance Secretary Ralph Recto stated on Tuesday that the government is still studying additional regulations for the online gambling industry, following President Ferdinand Marcos Jr.'s silence on the issue during his State of the Nation Address.
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BTr raises PHP28.4 B in T-bill auction, yields drop

The Bureau of the Treasury (BTr) increased the issuance of Treasury bills (T-bills) during Monday's auction, raising PHP28.4 billion compared to its initial plan of borrowing PHP25 billion.
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Marcos warns of online gambling harms, calls for regulation

President Ferdinand R. Marcos Jr. warned about the social harm caused by online gambling and called for regulation amid growing concerns ahead of his fourth State of the Nation Address (SONA) on July 28.
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Lacson files bill allocating 1% VAT for LGU development

Senator Panfilo Lacson has filed Senate Bill 405 to allocate one percent of total Value-Added Tax (VAT) collections to fund local development projects in the Philippines.
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DOF clarifies 20% FWT on interest income

The Department of Finance (DOF) clarified that banks have started implementing a uniform 20 percent final withholding tax (FWT) on interest income from deposits, in line with the Capital Markets Efficiency Promotion Act (CMEPA), signed into law by President Ferdinand 'Bongbong' Marcos Jr.
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Marcos considering ban on online gambling

President Ferdinand Marcos Jr. is considering calls to ban online gambling in the Philippines, according to Malacañang.
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SBMA remits PHP1.47B in dividends, supports fiscal discipline

The Subic Bay Metropolitan Authority (SBMA) remitted PHP1.47 billion in dividends to the National Government on July 14.
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GOCCs receive P7.92B in subsidies, down 18.73% y-o-y

Government-owned and -controlled corporations (GOCCs) received P7.92 billion in subsidies in May 2025, a decrease of 18.73% year on year.
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Sen Legarda files PHP1,000 monthly student allowance bill

Senator Loren Legarda filed a bill on Monday proposing a PHP1,000 monthly allowance for Filipino students from kindergarten to college.
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