MANILA — In a ceremonial event held at the Department of Finance (DOF) office in Manila on Monday, January 15, 2024, former Finance Secretary Benjamin Diokno officially handed over the reins of the DOF to the newly appointed Finance Secretary, Ralph Recto.
During the turnover ceremony, Diokno commended Recto’s track record as a seasoned policymaker and patriot, citing his pivotal role in sponsoring significant economic and tax reforms that positively impacted the country’s growth. Diokno expressed confidence in Recto’s ability to handle the demands of the post, emphasizing his familiarity with hard work, tough decision-making, and consensus-building.
Recto, in response, lauded Diokno for his service and expressed optimism about his continued contributions to the nation as a monetary board member of the Bangko Sentral ng Pilipinas. Recto highlighted the skilled team within the DOF, its attached agencies, and bureaus, stating that he draws reassurance from their collective talents.
“I am not alone in this journey. I am surrounded by a team of highly talented and competent individuals within the DOF, its attached agencies, and bureaus, all equipped with the necessary skills to navigate the challenges we face today and those that await us in the future,” he remarked.
Recto also conveyed his eagerness to tap into the wisdom of his predecessors and expressed confidence in overcoming challenges to fulfill the President’s vision outlined in the national development plan. He emphasized the importance of increased effort, sincere dedication, rethinking approaches, and innovating governance.
The turnover ceremony was attended by key officials, including DOF Undersecretaries and Assistant Secretaries. Following the formalities, Recto commenced a series of briefings with the heads of DOF offices, and he is scheduled to engage with heads of the DOF’s attached agencies and bureaus throughout the week.
(el Amigo/MNM)
