"Finance is not merely about making money.

It's about achieving our deep

goals and protecting the fruits of our labor. It's about stewardship and,
therefore, about achieving the good society."
- Robert J. Shiller
The Department of Finance (DOF) is the government’s steward of sound fiscal
policy. It formulates revenue policies that will ensure funding of critical
government programs that promote welfare among our people and accelerate
economic growth and stability.
 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.
SECRETARY RALPH GONZALEZ RECTO
Department of Finance
• Formulation, institutionalization and administration of fiscal policies in
coordination with other concerned subdivisions, agencies and
instrumentalities of the government;
• Generation and management of the financial resources of government;
• Supervision of the revenue operations of all local government units;
• 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.
 Vision
• A strong economy with stable prices and strong growth;
• A stable fiscal situation with adequate resources for government projects,
infrastructure, education, health, and other basic services;
• 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; and
• A strong economic growth with equity and productivity.
 Mission
Our economy must be one of the most dynamic and
active in the world, globally competitive and onward
looking.
 Mission
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:
• Formulation, institutionalization, and administration of sound fiscal policies;
• Improvement of tax collection efficiency and non-tax revenue efforts;
• Mobilization of adequate resources on most advantageous terms to meet
budgetary requirements;
• Sound management of public sector debt; and
• Initiation and implementation of structural and policy reforms.
 Functions
• Formulate goals, action plans and strategies for the Governments
resource mobilization effort;
• Formulate, institutionalize and administer fiscal and tax policies;
• Supervise, direct and control the collection of government revenues;
• Act as custodian of, and manage all financial resources of Government
• Manage public debt;
 Functions
• Review and coordinate policies, plans and programs of GOCCs;
• Monitor and support the implementation of policies and measures on
local revenue administration;
• Coordinate with other government agencies on matters concerning
fiscal, monetary, trade and other economic policies
• Investigate and arrest illegal activities such as smuggling, dumping,
illegal logging, etc. affecting national economic interest
 OFFICE OF THE SECRETARY

Bureau of Treasury Office of the Chief

Economics
Information Internal Audit
Management
Service Service

FISCAL POLICY & PRIVATIZATION & INTERNATIONAL POLICY DEVELOPMENT

CORPORATE AFFAIRS REVENUE OPERATIONS LEGAL SERVICES & LOCAL & MANAGEMENT
MONITORING GROUP GROUP GROUP FINANCE GROUP FINANCE GROUP SERVICESGROUP

Fiscal Policy & Privatization Revenue Office International Finance Legal Affairs Central Management
Planning Office Group Policy Office Office Information Office

Policy, Research & Corporate Affairs Bureau of International Finance Revenue Integrity Central Financial
Liaison Office Group Internal Revenue Operations Office Protection Service Management Office

National Tax Privatization & Bureau of Local Central

Management Bureau of Government
Research Center Customs Administration
Office Finance Office

Fiscal Incentives Central Board of

Assessment
Regulatory Board Appeals
"In finance, our choices shape tomorrow's landscape, molding both our
organization's future and economic progress. Every wisely managed peso
holds the potential to redefine what's possible. As stewards of fiscal
responsibility, let's move forward with purpose, knowing we hold the power to
guide us towards lasting prosperity"