Finance Secretary Ralph G. Recto will continue to lead the Department of Finance (DOF), following President Ferdinand R. Marcos Jr.’s decision to reject his courtesy resignation—an unequivocal vote of confidence in Recto’s ability to drive economic progress and deliver on the administration’s inclusive growth agenda.
The announcement, made by Executive Secretary Lucas Bersamin, confirmed that Recto and four other key economic managers were retained due to their consistent performance and instrumental role in navigating the country’s post-pandemic recovery.
“Secretary Recto is a man of action. From the moment he stepped into the role, he hit the ground running,” Bersamin noted in a briefing.
In response, Recto said he sees the President’s trust not just as approval, but as a directive to accelerate reform and delivery.
“This is not just a nod of confidence, but a clear instruction to raise our game. We’ll recalibrate our strategies at the DOF to make sure every Filipino family feels the gains of economic progress,” Recto stated.
Earlier this year, President Marcos requested all Cabinet members submit courtesy resignations as part of a performance audit aimed at ensuring alignment with the administration’s priorities. Recto complied swiftly and without hesitation—a gesture many saw as a testament to his professionalism and dedication to public service.
His reappointment has drawn widespread support from the business community, economists, and the academe.
The Makati Business Club (MBC) commended the administration’s economic team for its integrity and effectiveness. “We believe they’re the right people for the job,” said MBC Executive Director Rafael Ongpin. “They’ve built a strong track record and earned our respect.”
Echoing this sentiment, financial experts lauded the team’s data-driven approach and independence from political affiliations.
“What I appreciate about this group, especially Secretary Recto, is that they weren’t chosen for political loyalty—they were chosen for their capability to deliver,” said DLSU Assistant Professor Maria Ella Oplas. “And deliver, they did.”
Economist Bienvenido Oplas Jr. credited Recto for bold fiscal moves that have spurred investment, strengthened tax collection, and enhanced revenue generation. “He brings a forward-thinking mindset and a steady hand to the DOF,” he said.
Bangko Sentral ng Pilipinas Governor Eli M. Remolona Jr. echoed this praise, emphasizing the economic team’s professionalism and sound decision-making.
“Their track record speaks for itself. They’ve consistently made the right calls,” Remolona remarked.
As the Marcos administration doubles down on its economic roadmap, Recto’s steady leadership at the DOF signals policy continuity, institutional stability, and a clear focus on delivering tangible results for Filipinos.