DOF’s Go vows real, tangible progress

Newly appointed Finance Secretary Frederick Go has vowed to make sure that every action that the Department of Finance makes under his leadership will translate into “real, tangible progress that every Filipino can feel,” as he officially took leadership of the DOF on Wednesday following a sudden reshuffle by the President of his key economic officials.

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Go’s promise comes as President Marcos faces more pressure to rid his government of corruption, improve government revenues, attract foreign investments and keep the economy growing at a time when the global economic order is being reshaped by the US and China, and the advent of Artificial Intelligence.

Go is aiming to steer the Philippine economy toward greater heights in the remaining years of President Marcos’ term while ensuring the delivery of the government’s promises. “Our people deserve no less,” he told his new DOF family who must work with him to meet the fiscal and economic challenges head-on.

Go said that he welcomes constructive suggestions and actionable ideas, acknowledging that such feedback would help him strengthen the DOF’s efforts to deliver impactful and responsive solutions.

The former special assistant to the president for investment and economic affairs has already received expressions of support from major business groups. The transition is viewed by the business community as well-timed to boost policy coherence, investor confidence and economic momentum.

Among those who welcomed the changes to the economic team were the Philippine Chamber of Commerce and Industry and the Federation of Philippine Industries (FPI). According to PCCI president Enunina Mangio, the new appointments of Executive Secretary Ralph Recto and Finance Secretary Go come at a critical time.

The business community looks forward to working closely with Recto and Go in advancing reforms that enhance competitiveness, strengthen investor confidence and generate sustainable opportunities for Filipino enterprises.