President Ferdinand R. Marcos Jr. has sworn in veteran fiscal expert Rolando Toledo as Acting Secretary of the Department of Budget and Management (DBM).
Toledo took his oath at Malacañan Palace in Manila on Tuesday.
In a statement on Wednesday, Toledo thanked Marcos for the trust and vowed to uphold discipline, integrity and urgency in managing public funds.
“I thank President Bongbong Marcos for the trust he has placed in me. I take on this role fully aware of its weight, and I will repay his confidence with honest, tireless service for the Filipino people,” Toledo said.
He committed to “responsible, transparent, and people-centered governance,” saying every peso of the national budget must deliver “real [and] felt results.”
“To the Filipinos we serve, we give our firm assurance that every peso of the national budget will be translated into real, felt results—jobs created, classrooms built, medicines delivered, and communities strengthened. Especially in uncertain times, we commit to moving faster and fairer so that public resources reach those who need them most,” he said.
Toledo also acknowledged the DBM workforce for its professionalism, noting that the agency’s strength lies in its dedicated personnel.
A certified public accountant, Toledo joined the DBM in 1987 as an accounts analyst and rose through the ranks over nearly four decades.
He previously led the Secretariat of the Philippine Open Government Partnership, playing a key role in advancing transparency, accountability and citizen participation.
Toledo graduated from the University of the East, completed advanced studies in Development Economics at the UP School of Economics, and earned his Master in National Security Administration degree from the National Defense College of the Philippines in 2024. (PNA)