Malacañang on Tuesday said Finance Secretary Ralph G. Denied online rumors regarding Recto's resignation.
When asked whether Mr. Recto had stepped down as finance chief, Palace press officer Clarissa A. “That's not true,” Castro told reporters via Viber.
Mr Recto has come under criticism for opposing proposals to reduce the value added tax (VAT), arguing that this would weaken government revenues.
The dispute deepens amid a corruption scandal involving Public Works and Highways Department officials and MPs over alleged bribes.
He acknowledged that corruption in flood control projects causes losses of up to P118.5 billion annually.
Meanwhile, Ms. Castro also announced that President Ferdinand R. Marcos, Jr. replaced Director General Joel S. Following the resignation of Marciano, Jr., scientist Gay Jane P. Perez has been appointed officer-in-charge of the Philippine Space Agency (Philsa).
Ms. Perez, a faculty member at the Institute of Environmental Sciences and Meteorology of the University of the Philippines-Diliman, is recognized for her pioneering work in satellite remote sensing and environmental monitoring. – Chloe Marie A Hufana
