NEWLY appointed Finance Secretary Ralph G. Recto took his oath of office before President Ferdinand R. Marcos, Jr. at the Malacañang Palace on January 12, 2024.
Prior to assuming the Finance Secretary role, Secretary Recto served as Deputy Speaker of the House of Representatives of the Philippines in the 19th Congress, representing the 6th District of Batangas.
His extensive political career includes three terms in the Senate (from 2001 to 2007 and from 2010 to 2022), where he held key positions such as Senate President Pro Tempore (16th to 18th Congress) and Senate Minority Leader (17th Congress). He started his political career as the Representative of the 4th District of Batangas from 1992 to 2001.
As a seasoned legislator, he pursued numerous tax measures and economic reforms meant to address the cost of living, generate meaningful employment, and expand the country’s fiscal space.
Secretary Recto has previously been a member of the country’s economic team as Socioeconomic Planning Secretary of the National Economic and Development Authority (NEDA) in 2008.
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