DOF maximizes national gov’t revenue streams by privatizing non-performing assets to generate more funds for national development and minimize debt

The Department of Finance (DOF) is maximizing the National Government’s (NG) revenue streams by privatizing non-performing and idle public assets in order to generate more funds to aid national development…

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DOF successfully issues JAO to implement pre-border technical verification and cross-border e-invoicing system that will protect consumers from unsafe goods

The Committee on Pre-border Technical Verification and Cross-border Electronic Invoicing (CPTVCEI), led by the Department of Finance (DOF), has successfully issued the Joint Administrative Order (JAO) implementing AO No. 23,…

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Keynote Speech
Philippine Breakfast Roundtable with Investors

Ralph G. Recto Secretary of Finance January 22, 2025 Thank you for joining us here in Davos to discuss the exciting opportunities the Philippines offers as your next big investment…

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Keynote Speech
Philippine Breakfast Roundtable with Investors

DOF clarifies determination of the National Tax Allotment shares for LGUs, ensures transparency and strict compliance with Mandanas-Garcia ruling

The Department of Finance (DOF) has reaffirmed its commitment to transparency and strict compliance with the Supreme Court decision and relevant laws in determining the National Tax Allotment (NTA) shares…

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Recto: 2024 average inflation eased to 3.2% as gov’t interventions sustained rice price moderation, benefitting low-income families

Finance Secretary Ralph G. Recto has credited the easing of the 2024 average inflation rate to 3.2%—well within target—to effective government interventions that sustained the moderation of rice prices, providing…

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