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The Commission on Appointments quickly gave its nod on Wednesday to the ad interim appointment of Department of Finance Sec. Ralph Recto.
In doing these, the former senator said he is guided by the laws passed by Congress. “The same Congress where in whose halls I spent 29 years in forging fiscal and economic reforms we were in dire need of as a nation,” Recto said. As the needs of our growing population outpace revenues, he said the temptation to inflict taxes is there. But such must take a backseat to growing the economy, plugging tax leaks, improving tax administration, and preventing wasteful expenditures.
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