Two months before his term ends, Finance Secretary Carlos G. Dominguez III thanked on Friday, April 29, his fellow workers in the Department of Finance for their “excellence, passion and commitment.”
“This is the last anniversary of the Department that I will be participating in as your Secretary. However, it is too early to bid you goodbye. There is still much work we have to do together in the coming months before the current presidential term ends,” Dominguez said. “No secretary can say this with as much conviction as I can: I have had the honor of working with the best agency of this Republic,” he added.
The DOF was also able to maintain fiscal discipline and the Philippines’ high credit ratings despite economic difficulties triggered by the pandemic and other external shocks, he said. The other reforms that the DOF worked on include the Rice Tariffication Act, Philippine Identification System Act, Ease of Doing Business Act and the Amendments to the Retail Trade Liberalization Act, Public Services Act and Foreign Investments Act, Dominguez said.
The implementation of the REIT Law aggregated capital in the property development sector, widened financial inclusion among Filipinos, and supplemented the other innovative bond offerings designed to broaden participation in the capital market, Dominguez said.
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