TACLOBAN CITY – The Sangguniang Panlalawigan of Leyte on Tuesday (Jan.23) approved a resolution expressing support to former Senator Ralph Recto as the new Secretary of the Department of Finance.
The motion was raised by Leyte 5th District Board Member Carlo Loreto and seconded unanimously by all members of the provincial board.
In his motion, Loreto said that Recto as a former legislator has the “track record of making sound policies.”
Vice Governor Leonardo “Sandy” Javier, in his comment before the approval of Loreto’s motion, said that he is happy with Recto’s appointment and that he is confident that the new Cabinet member “will be a good finance chief of the country.”
Recto’s appointment as the Secretary of Finance was announced by Malacañan on January 11.
He replaced former Sec. Benjamin Diokno who was appointed by Pres. Ferdinand ‘Bongbong’ Marcos Jr. to the Bangko Sentral ng Pilipinas Monetary Board.
As the finance department chief, Recto will also sit as a member of the BSP Monetary Board as a government sector representative.
Before he was appointed as DOF secretary, Recto had served for three terms as district representative of Batangas, a member of the Senate, and as National Economic and Development Authority director-general during former President Gloria Macapagal-Arroyo’s term.
(ROEL T. AMAZONA)
