'Marami ka pang tanong?': Ralph, Ryan Recto have funny exchange in numbers-heavy budget briefing

Manila Bulletin

Department of Finance (DOF) Secretary Ralph Recto "threatened" to challenge Rep. Ryan Recto in his district in the next elections in what was a comedic exchange between father and son on Monday night, Aug. 18 at the marathon budget briefing of the Development Budget Coordination Committee (DBCC).  READ: https://mb.com.ph/2025/08/19/marami-ka-pang-tanong-ralph-ryan-recto-have-funny-exchange-in-numbers-heavy-budget-briefing  Join this channel to get access to perks: https://www.youtube.com/channel/UC5664f6TkaeHgwBly50DWZQ/join  Subscribe to the Manila Bulletin Online channel! - https://www.youtube.com/TheManilaBulletin   Visit our website at http://mb.com.ph Facebook: https://www.facebook.com/manilabulletin Twitter: https://www.twitter.com/manila_bulletin Instagram: https://instagram.com/manilabulletin Tiktok: https://www.tiktok.com/@manilabulletin  #ManilaBulletinOnline #ManilaBulletin #LatestNews

Transcript

00:00In the DOF's previous budget presentation from the 2025 budget deliberations,

00:05it was stated by the Good Secretary of Finance that the country is on the verge of becoming an upper-middle-income country by 2025.

00:13GNI per capita, for the knowledge of everyone present, measures the economic output per citizen,

00:19including both domestic and international earnings.

00:22Last year, the World Bank defines upper-middle-income country economies as those with a GNI per capita ranging between

00:314,516 US dollars, more or less 250,000 pesos, to 14,005 US dollars for 2025.

00:41For the fiscal year 2026, the World Bank defines an upper-middle-income economy as one with a GNI per capita

00:49using the World Bank Atlas method of $4,496 and between $4,496 and $13,935.

01:02Currently, the Philippines posted a recorded gross national income per capita of $4,470.

01:09This was higher than its GNI per capita of $4,230 in the previous year.

01:17And despite this increase in GNI per capita, the country was just shy of $26 from reaching this threshold.

01:26Madam Chair, we're still a lower-middle-income country.

01:32We fall in the range of $1,136 US dollars to $4,495.

01:40Sayang po, muntikan na po itong maklasify as upper-middle-income sa bansa.

01:45$26 lang po ang pagitan.

01:48Huwag kang maghinayang, haabutan natin sa taong ito.

01:51I was actually all right.

01:54At kung marami ka pagtanong sa akin, lalabanan kita sa diskito.

01:57Well, I was going to say, Mr. Secretary, I believe we are capable of achieving that target.

02:06I therefore commend the economic team and this administration, which includes you, Mr. Secretary.

02:12Hindi naman po biro ang nakamit ninyong achievements, so congratulations.

02:17Thank you very much.

02:18You will be unopposed again.

02:27You will be unopposed again.

Category

Transcript

Be the first to comment

Recommended