Finance exec expected termination after FB post

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(UPDATE) FORMER Finance undersecretary Cielo Magno said that she knew that her Sept. 1, 2023 Facebook post of a graph showing how the price ceiling on rice contradicts basic economic concepts would cause her to lose her job.

Finance Undersecretary Cielo Magno. Photo by DOF'I knew when I posted the supply and demand graph that my boss would receive a call from Malacañang to remove me, but I did it anyway. With how things were going, I knew it was time to go,' Magno, an appointee of President Ferdinand Marcos Jr., posted on X on Saturday.

In an earlier social media post on Friday, Magno said it was an honor to serve the country after receiving notice of the expiration of her tenure.'It is not a resignation or a termination. Expiration is the right term,' she wrote in Filipino and English on X.'I can sleep well, knowing that I did my best serving our country and advocating the interests of our people,' she added.

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