Documente Academic
Documente Profesional
Documente Cultură
The authority and responsibility for the exercise of the mandate of the Department and for the discharge of its power
and functions shall be vested in the Secretary of Finance, who shall have supervision and control of the Department
and shall be appointed by the President.
The authority and responsibility for the exercise of the mandate of the Department and for the discharge of its power
and functions shall be vested in the Secretary of Finance, who shall have supervision and control of the Department
and shall be appointed by the President.
https://www.dof.gov.ph/index.php/internal-audit-service/
The CAG monitors the cash flows of the government corporate sector; provides technical support in the
privatization of transferred accounts and government corporations; formulates and implements policies
affecting government-owned and controlled corporations (GOCCs).
The DFG is primarily responsible for forecasting and programming revenues of the national government
(NG); cash programming and monitoring of NG finances; undertaking studies on capital market
development, debt management, resource mobilization, fiscal reforms, etc.
Name : Gil S. Beltran
Designation : UNDERSECRETARY
Address : 4th Floor, DOF Bldg., BSP Complex, Roxas Blvd., Manila 1004, Philippines
Telephone : 523-5671
Email : gbeltran@dof.gov.ph
Formulates long-range and annual projections of revenue needs, cash position and borrowing capacity of the
Government as basis for policy decisions of the Department; Supervise policy research and development on
fiscal and tax measures undertaken by the operating bureaus and offices of the Department; Coordinate with
other government agencies on policy research as it impacts on fiscal and tax measures.
• Assists in the overall macroeconomic planning process in coordination with the DBCC by providing inputs
to the National Government’s Annual and Medium-Term Fiscal Program
• Prepares/Forecasts/assesses the revenue program/projections
• Consolidates the Public Sector Financial Position and Public Sector Debt from reports provided by the
Corporate Affairs Group, Bureau of the Treasury, GFIs and BSP.
• Prepares studies on Excise taxation, VAT and Tariffs – formulates/drafts tax reform measures/bills;
prepares position papers; provides technical assistance to Congress; reviews implementing rules and
regulations
• Collects, monitors, reviews, consolidates and analyzes economic reports and data required for fiscal
planning and policy formulation activities
The research and Information Office (RIO) is primarily responsible for tax policy formulation, legislative
liaison work on tax, financial and economic proposals, and information dissemination activity. Specifically,
these involve the
a) Conduct of studies and simulations, and preparations of DOF position papers/comments on various tax
and fiscal-related bills, or on the tax aspects of other bills initiated by other agencies or legislators;
b) Drafting of tax reform bills and the submission and shepherding of the same in both Houses of Congress;
c) Extending technical assistance to both Houses of Congress and individual legislators in the drafting and
analysis of tax bills;
d) Participation in the preparation or review of implementing rules and regulations of various tax laws or
laws with tax provisions; and
e) Conduct of briefings/lectures on the mandate, functions, activities and accomplishments of the DOF to
visiting students from various colleges and universities, as well as other government functionaries.
RIPS is the anti-corruption arm of the Department of Finance created by Executive Order 259 (December 17,
2003).
RIPS investigates allegations of corruption in the Department of Finance and its attached agencies such as
the Bureau of Internal Revenue and the Bureau of Customs, the Bureau of Local Government Finance,
Bureau of Treasury, Central Board of Assessment Appeals, the Insurance Commission, the National Tax
Research Center, the Fiscal Incentives Review Board, and the Privatization and Management Office. RIPS
then files the necessary charges against erring officials and employees with the proper government agencies
(e.g., Office of the Ombudsman).
RIPS encourages active citizens participation in eradicating corruption in Government.
EXTRACTIVE INDUSTRIES
TRANSPARENCY INITIATIVE (EITI)
Executive Order no. 41 created the Municipal Development Fund office (MDFO) to assume the
administration of the Special Revolving Fund that aims to establish an effective mechanism that would
enable local government units (LGUs) to avail funds local and international assistance for the
implementation of various social and economic development projects. The MDFO through its various
programs, projects and activities provides assistance to LGUs in financing development projects, help
establish LGUs credit worthiness, and promote fiscal discipline.
The IFG secures foreign grants and loans; initiates and negotiates foreign borrowing and debt restructuring;
participates in policy formulation regarding external resource mobilization; coordinates with other government
agencies regarding international agreement on trade, investment, tax treaties and other international arrangements.
The PDMSG provides administrative and financial management support to the Groups in DOF OSEC; designs and
manages the human resource development program of the Department; coordinates activities of the bureaus,
agencies and corporations under the DOF and with other institutions on matter of national importance and in
ensuring that directives and collaborative undertakings for executive offices on common concerns are promptly
considered; and attends to public relations and related concerns
The CAO supervises services relating to personnel human resource development and general service administration,
property and supplies procurement and custody, and maintenance of central files, and corresponding reporting
system.
The Privatization Council (PrC) is a cabinet-level and inter-agency policy making body tasked to oversee the
Philippine Privatization Program. It formulates privatization guidelines, approves privatization transactions as to
price and buyer, designates disposition entities and monitors post-privatization activities.
Privatization Office
The Privatization Office provides technical and administrative assistance to the Secretary of Finance in the exercise of
his function as Chairman of the Committee on Privatization. It evaluates and reviews issues involved in the
prospective privatization or disposal of government corporation assets, monitors the implementation of dispositive
actions for transferred assets and GOCCs approved by the President including the introduction of necessary
legislation thereon, and assesses the aggregative and sectoral financial and socio-economic impact of the privatization
or disposal of specific transferred or corporate assets in coordination with other appropriate and concerned entities.
The ROG processes requests for tax exemptions, reviews tax rulings, revenue and customs regulations for
issuance; reviews protest cases; general supervision and coordination of internal revenue and customs
operations.
Revenue Office
The Revenue Office is responsible for processing of applications for exemption from payment of duties or
taxes on importations of qualified applicants and chartered entities; Reviews discussions of the BOC in
seizure, forfeiture, dumping, auction, abatement and refunds, protest and other tariff and customs related
cases.
Mabuhay Lane
On May 13, 1994, the DOF issued Department Order No. 29-94 creating the OPLAN: The Mabuhay Lane•,
which is tasked to expeditiously process applications for tax and duty exemption of six (6) sectors of
importers, namely: Export-Oriented firms (BOI), etc.; Returning residents; Non-Profit, Non-stock
educational institutions; Books and Periodicals; DOE Contractor, etc.; 105(r) Livestock’s.
The CENTER was established as the government’s response to the mounting complaints being aired by the
private sector over the countries highly chaotic and inefficient tax credit and duty drawback system. The
CENTER was formed primarily to serve as one of the governments pillars in its export promotion and
investment generation drive by making the various tax credit and duty drawback incentive programs readily
accessible to legitimate exporters.
The fact that the birth of the Department of Finance predated that of the Philippine Republic is testimony to its
importance. Founded on 24 April 1897 by the Philippine Revolutionary Government, the DOF has undergone various
structural and functional overhauls, but has nonetheless remained a key department. At present, the critical tasks of
revenue generation, resource mobilization and fiscal management rest on the shoulder of the Department of Finance.
The government must provide the citizenry with infrastructure, education, health and other basic services; and the
DOF must be ready with the funds for them. Likewise, the DOF must steer fiscal programs toward an investment-
friendly environment, which is the catalyst for growth.
VISION
• A stable fiscal situation with adequate resources for government projects and budgetary which could be
adequately financed;
•
• A borrowing program that is able to avoid the crowding-out effect on the private sector, and minimizes
costs;
• A public sector debt profile with long maturities and an optimum mix of currencies that minimizes the
impact of currency movements;
MISSION
Our economy must be one of the most dynamic and active in the world, globally competitive and onward looking. The
DOF shall take the lead in providing a solid foundation for the achievement of this objective, by building a strong
fiscal position, through the following:
MANDATE
Under Executive Orders 127, 127-A and 292, the Department of Finance is responsible for the following:
Formulation, institutionalization and administration of fiscal policies in coordination with other concerned
subdivisions, agencies and instrumentalities of the government;
Review, approval and management of all public sector debt, domestic or foreign; and
Rationalization, privatization and public accountability of corporations and assets owned, controlled or
acquired by the government.