MANILA, Philippines: Deputy Speaker and Batangas Sixth District Rep. Ralph Recto is set to take on a new role as the Finance secretary. He will be sworn in by President Ferdinand “Bongbong” Marcos Jr. on Friday, January 12. This announcement was made by his wife, actress and former congresswoman Vilma Santos-Recto.
In a social media post on Thursday, Santos-Recto shared the news, stating, “He will be sworn on January 12 as the new Secretary of Finance under the Administration of [President Marcos]. He was given the trust because he is such a good economist.”
Recto’s appointment comes as he replaces Benjamin Diokno, who served as the Finance secretary for nearly 19 months since the start of the Marcos administration. The speculation surrounding Recto’s potential promotion has been circulating since last year.
While both finance officials and Recto have remained tight-lipped about the appointment, the news has generated significant interest and anticipation. As the new Finance secretary, Recto will play a crucial role in shaping the country’s economic policies and ensuring financial stability.
Recto’s background as an economist has been widely recognized, making him a natural choice for this important position. His expertise and experience will be invaluable in addressing the economic challenges faced by the Philippines and driving sustainable growth.
As the Finance secretary, Recto will oversee various aspects of the country’s financial management, including budgeting, revenue generation, and fiscal policy formulation. His role will be instrumental in maintaining fiscal discipline, promoting transparency, and attracting investments to support economic development.
The appointment of Recto reflects the trust and confidence placed in him by President Marcos Jr. and his administration. It also highlights the government’s commitment to selecting qualified individuals who can contribute to the country’s progress and prosperity.
The transition from Diokno to Recto signifies a continuation of the government’s economic agenda, with a focus on strengthening the country’s financial systems and fostering an environment conducive to sustainable growth. Recto’s appointment is expected to bring fresh perspectives and innovative ideas to the table, further enhancing the country’s economic landscape.
Given the significance of this appointment, it is essential for the international audience to understand the context and implications of this change. The Finance secretary holds a critical position in any government, responsible for managing the country’s finances and ensuring economic stability. By appointing Recto, President Marcos Jr. is signaling his commitment to economic development and placing the country on a path towards prosperity.
In conclusion, the upcoming swearing-in of Ralph Recto as the Finance secretary by President Ferdinand “Bongbong” Marcos Jr. marks a significant milestone in the Philippines’ economic landscape. Recto’s appointment as the new Finance secretary underscores his expertise as an economist and his dedication to driving sustainable growth. As he assumes this crucial role, Recto will play a pivotal part in shaping the country’s economic policies and ensuring financial stability. This transition reflects the government’s commitment to selecting qualified individuals who can contribute to the country’s progress and prosperity.
Source: The Manila Times
