Go pledges focus on fiscal management

MANILA, Philippines — The newly appointed secretary of the Department of Finance pledged to steer and push the Philippine economy toward sustained growth, while emphasizing the importance of ensuring that the government fulfills its policy commitments.

Noting that he is open to constructive feedback and actionable proposals, Finance Secretary Frederick Go said that such contributions would help bolster the department’s efforts to deliver impactful and timely solutions to public needs.

“We are here to take action, improve lives and make a difference through a government that is responsive and efficient,” Go said. “Every action we make must translate into real, tangible progress that every Filipino can feel.”

Upon assumption of office, Go will confront a challenge of slower-than-expected growth.

Outgoing finance chief Ralph Recto had noted that the economy may grow between 4.7 percent and 4.8 percent for 2025, below the government’s target range of 5.5 percent to 6.5 percent.

Go said that Filipinos deserve nothing less and added that he accepted the role with humility and determination, expressing his readiness to tackle the work ahead, lead the department and help build trust in the government.

On Monday, the Palace announced the appointment of Go as the new finance chief following the appointment of Recto as the new Executive Secretary.

In assuming the Finance portfolio, Go acknowledged the work of his predecessor and emphasized continuity in policy implementation. He described the transition as seamless and paid tribute to Recto’s efforts in shaping the department’s direction.

Prior to assuming his role, Go served as Special Assistant to the President for Investment and Economic Affairs, where he oversaw the coordination and execution of the administration’s investment and economic policies and programs.

On economic stance, Go previously stated that tariff exemption is expected to encourage investment in the country’s agricultural sector and boost exports, as the US exempted key Philippine agricultural exports from reciprocal tariffs.

The Philippine government aims to secure exemptions from reciprocal tariffs on other exports, including garments and furniture.

He said that the government has been taking steps to enhance the ease of doing business and encourage investments.