Source: DoF’s Magno quits over rice price ceiling

Finance Undersecretary for Fiscal Policy and Monitoring Group Cielo Magno has filed her resignation which will take effect on Sept. 16, 2023.

On Facebook, Magno wrote: “A wise man told me, if you do your job with integrity, you will be back in UPSE soon,” referring to the University of the Philippines School of Economics. Executive Order No. 39, signed by Executive Secretary Lucas Bersamin on August 31, stated that President Marcos approved the joint recommendation of the Department of Agriculture and the Department of Trade of Industry to set price ceilings on rice in the country.

As an Undersecretary, Magno oversaw the Fiscal Policy and Monitoring Group which is responsible for recommending fiscal policies, formulating tax reform proposals, as well as forecasting and programming national government revenues.

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