Pope Francis
From the certainty that God’s grace is with us comes the strength to take courage in the present moment: the courage to carry forward what God asks of us here and now….
Finance Secretary Ralph G. Recto has underscored that the Philippines is set to establish a gold standard for climate finance and action globally with the recent enactment of the Loss and Damage Fund (LDF) Board Act that enables its hosting of the Board.
August 29, 2024 “The LDF Board Act is one of many decisive actions we take to escalate our climate initiatives and solidify the Philippines’ leadership in championing the voices of those most impacted by climate change. We are determined for our hosting to set the gold standard for climate finance and action, not just across […]
August 29, 2024 Finance Secretary Ralph G. Recto has secured more support from Asian Development Bank (ADB) President Masatsugu Asakawa for the Philippines’ climate action efforts during a high-level meeting on August 28, 2024, at the ADB Headquarters in Ortigas. At the meeting, President Asakawa announced that the ADB is finalizing the approval of a […]
DOF’s 2025 budget proposal prioritizes digitalization for efficient tax administration and public service, adheres to the highest standards of fiscal discipline August 27, 2024 Finance Secretary Ralph G. Recto has underscored to the members of the Senate that the Department of Finance (DOF)’s 2025 budget proposal prioritizes digitalization for efficient tax administration and public service, […]
PH on track to meet its fiscal program for 2024 August 13, 2024 Finance Secretary Ralph G. Recto has underscored that the Philippines is on track to meet its fiscal program for 2024 on the back of the government’s robust revenue effort and manageable deficit level during the first half of the year. “So far, […]
President Marcos also reported the drop in the country’s unemployment rate in June to 3.1 percent, one of the lowest on record for the last two decades.
President Ferdinand R. Marcos Jr. pledged to further lower the country’s poverty rate to nine percent in 2028 by investing in job-generating infrastructure and social protection programs. In a video message on Friday, President Marcos noted the Philippines’ poverty rate dropped to 15.5 percent. The figure means that 2.5 million Filipinos were lifted out of […]
The DOF’s revenue agencies have been continuously updating and adapting rules to address emerging economic opportunities, threats to legitimate trade, and compliance challenges in excise taxation and customs duties.
DOF Press Release August 3, 2024 The Department of Finance (DOF) has shared its five main strategies for revenue operations called BRAVE to put an end to smuggling and illicit trade, with digitalization playing a central role. “Bolstered by digitalization, these Brave Strategies for Revenue Operations will drive our initiatives to improve efficiency, transparency, and […]
August 2, 2024 Finance Secretary Ralph G. Recto has reminded the Bureau of Internal Revenue (BIR) that revenue collections must see sustained improvements through digitalization in order to help the government meet the people’s needs and further grow the economy. “For the truth is, when fiscal targets are not met, it is the people who […]
PRESS RELEASE Office of Speaker Martin G. Romualdez 2024-07-23 01:24 PM Reference: Ryan Ponce Pacpaco The House Committees on Public Order and Safety and Games and Amusements on Wednesday conducted their third motu proprio investigation into the rise of unlawful acts and criminal activities linked to the now-banned Philippine offshore gaming operators (POGOs). Cavite Rep. […]
PRESS RELEASES SOURCE: Office of the Speaker Reference: Ryan Ponce Pacpaco 2024-07-30 03:12 PM SPEAKER Ferdinand Martin G. Romualdez on Tuesday swiftly mobilized his colleagues to help thousands of fisherfolk in four provinces affected by the recent oil spill in line with President Ferdinand R. Marcos Jr.’s directive to bring immediate aid to the people […]
This will connect Subic Bay in Zambales, Clark in Pampanga, Manila, and Batangas, accelerating investments in high-impact infrastructure projects, including railways, ports modernization, clean energy, semiconductor supply chains, and agribusiness to drive economic growth in each hub.
PRESS RELEASE 6 June 2024 Recto: Luzon Economic Corridor to draw in more investments and support PH’s vibrant labor market, boosting job creation in manufacturing and construction Finance Secretary Ralph G. Recto has underscored that the Luzon Economic Corridor, a major infrastructure undertaking by the government, will draw in more investments that will support the […]
