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Ralph Recto

Ralph Recto is the Finance Secretary of the Philippines who addresses fiscal concerns such as budget insertions and PhilHealth funding crises, emphasizing the need for sustainable economic growth and proper fiscal management. He projects a narrowing fiscal deficit and increased government revenues by 2030 through reforms like digital services VAT and mining reforms.

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This is an AI-generated summary based on recent coverage. It was last updated on Fri, August 22, 2025 at 4:08 PM

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Recent developments on Ralph Recto

Tue, September 2, 2025 at 2:11 PM

Ghost flood control projects cost PH economy up to P118.5B

Finance Secretary Ralph Recto revealed that "ghost" flood control projects have cost the Philippine economy an estimated PHP42.3 billion to PHP118.5 billion from 2023 to 2025.

Mon, August 18, 2025 at 8:54 PM

Finance chief: SC ruling on PhilHealth funds to impact deficit

Finance Secretary Ralph Recto stated that the government will comply with a Supreme Court order to return unused PhilHealth funds, with contingency plans in place for the remaining P29.9 billion.

Mon, August 18, 2025 at 4:07 PM

DOF sec urges Congress to follow MTFP for 2026 budget

Department of Finance Secretary Ralph Recto urged Congress to adhere to the Medium-Term Fiscal Program (MTFP) during deliberations for the 2026 budget to ensure efficient use of taxpayer money.

Mon, August 18, 2025 at 11:16 AM

House starts deliberations on P6.793 trillion national budget for 2026

The House of Representatives has formally begun deliberations on the proposed P6.793 trillion national budget for 2026.

Wed, August 13, 2025 at 8:45 PM

BOC to enforce 60-day rice import suspension starting Sept 1

The Bureau of Customs (BOC) will fully enforce a 60-day suspension on rice importation starting September 1, as directed by President Ferdinand R. Marcos Jr. to protect the agricultural sector.

Mon, August 11, 2025 at 3:53 PM

DOF eyes general tax amnesty, to curb e-gambling

The Department of Finance (DOF) is considering a General Tax Amnesty program and measures to curb e-gambling.

Mon, August 11, 2025 at 3:21 PM

Finance chief: Rice import suspension to end in October

Finance Secretary Ralph Recto stated that the government is unlikely to extend the 60-day suspension of rice imports beyond its scheduled end in October.

Wed, August 6, 2025 at 7:12 PM

Marcos Jr. confident SSS can fund pension hikes without added contributions

President Ferdinand Marcos Jr. is confident that the Social Security System (SSS) can sustain its multiyear pension hikes without additional member contributions.

Tue, August 5, 2025 at 9:02 PM

Govt raises P210B from RTB sale

The Philippine government successfully raised P210 billion from its latest retail Treasury bond (RTB) sale, the third under the Marcos administration.

Tue, July 29, 2025 at 6:57 PM

Finance chief expects Congress to pass 2026 budget responsibly

Finance Secretary Ralph Recto anticipates Congress will act responsibly regarding the 2026 national budget, despite President Ferdinand Marcos Jr.'s warning of a reenacted budget.